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How many deals will you close next month? How many website sessions will you get? How many impressions will your social channels get?
When you don’t know what your performance will be, it’s hard to set realistic goals, craft a plan, or have the right team in place. You might not be able to predict the future, but now you can forecast it.
With our new Metric Forecasts tool, you can view historical data and seasonality, and calculate highly accurate predictions of your most important metrics. Say goodbye to guesswork and start making more confident, data-backed decisions.
Let’s get started!
Making the right decisions for your business means knowing what might happen in the future. That’s where Databox Forecasts come into play.
Forecasts use historical data and machine learning to understand past trends and provide educated guesses on what the future might look like. While they can’t guarantee exact outcomes, Forecasts can help you:
Metric Forecasts provides a simple graph that makes it easy for anyone to forecast future performance. But that’s not all –
You can access Metric Forecasts by navigating to the Forecasts icon in the left-hand sidebar.
Using the drop-down menu, select the metric you would like to see forecasted values for. The graph will then generate a forecast for the next 12 months, including data from the previous 6 months.
Now you have a few different options to customize your forecasts…
Once you are done making your updates, make sure to click Apply to save your changes.
Metric forecasts will show three different lines of forecasting: Forecast Value, Forecast Upper, and Forecast Lower.
The area between the forecast upper and the forecast lower is the confidence interval. It provides a range where the actual value is most likely to fall. A narrow interval means a more certain and precise estimate, while a wider interval indicates more variability. By understanding this interval, you can confidently plan for the future and make data-backed decisions for your business.
So, let’s say you’re curious about your forecast for December. By hovering over the December data point on the chart, you’ll instantly view the forecasting levels and confidence interval for that specific month.
You can also easily choose which lines to view by using the checkboxes below the graph. This way, you’ll always see the most relevant information for your business!
Give your team valuable insights that help you set more realistic goals, create better strategies, and plan for the future with confidence. No more guessing – just data-backed insights to drive your business forward.
Try our “Growth” plan to experience the full potential of Forecasts and unlock AI-driven insights. From Dashboards and Reports to Goals, Alerts, and more, Databox offers a variety of tools to help you improve your performance.
New to Databox? No problem. Getting started is easy! Create an account, connect your data from over 100+ platforms, build customizable dashboards, and generate insightful Reports – in minutes.
Embrace the future of data analytics, predict your success with data-backed precision, and take control of your business’s performance!
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