Like PlanIQ, Anaplan Forecaster is a machine-learning-based tool. It enables you to build and apply predictive models from your account-level data.
Forecaster is a time series forecast tool that uses algorithms to generate results. It offers transparent, explainable algorithms so you can produce more accurate and quicker forecasts. It also has more modern algorithms and enhanced accuracy. Forecaster is compatible with Anaplan Classic Calculation functions.
Expanded process choices
There are two new algorithms:
- LightGBM offers advanced gradient boosting and excels at modeling complex, non-linear patterns. Example: forecasts for very large data sets with many different product categories.
- TimesFM provides the ability to generate high-performance, "cold start" forecasts. Example: A new product launch where there's no historical data to analyze.
Forecast accuracy
Forecaster offers advantages in forecast accuracy.
- Automatic identification of data quality challenges (sparsity, outliers, missing values) before they impact your forecast's accuracy.
- Improved forecasts for new product introductions and product lifecycle management.
- Better detection of seasonal patterns, trends, and structural breaks in data.
To get Forecaster, talk to your Customer Service Business Partner.