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Multivariate Time Series Forecasting

Feature Description

Users can now leverage multiple input variables in time series forecasting, resulting in improved forecast accuracy and more reliable predictions.

End User Business Benefits

Enhanced Accuracy

Multivariate Time Series Forecasting leverages multiple variables to significantly improve the accuracy of forecasts, enabling more reliable predictions and informed decision-making.

Deeper Insights

By analysing interactions among various variables, it offers comprehensive insights into underlying dynamics, empowering users to uncover valuable patterns and trends.

Real-world Relevance

With its ability to address scenarios where multiple factors influence forecasts, this feature proves valuable across diverse industries, catering to a wide range of forecasting needs.

Efficiency

By automating the integration of multiple variables, it streamlines the forecasting process, reducing manual effort and complexity. Users can now achieve accurate forecasts without the need for separate univariate analyses, saving time and effort.

  • Sales Forecasting

    Achieve inventory optimization and resource allocation with precise predictions derived from historical sales data, marketing expenditure, and economic indicators.

  • Demand Planning

    Optimize supply chain management, production planning, and inventory levels by factoring in sales, promotions, pricing, seasonality, and external influences.

  • Financial Forecasting

    Strengthen financial planning, risk management, and investment strategies with data-driven insights from market indices, interest rates, and economic indicators.

application areas

Lumenore helps businesses across industries and functions with customized dashboards and AI-powered analytics.