You can monitor your monthly Forecaster usage. Usage is measured with prediction points. Prediction points are determined by the number of times a Forecast actions are run and the amount of data.
You have a monthly quota, which is your allowance of points to use. You can view your monthly quota of points in the prediction tracker. To view the prediction tracker, select Forecast actions in the left-side panel, and then select Prediction Tracker.
Each successful forecast run uses prediction points:
- The prediction point consumption is calculated by multiplying the number of items by the number of successful forecast actions run.
- Items are the objects that you forecast. Examples are: SKUs (shirts), SKU-location combinations (shirts per store), or revenue per department.
- Example: You forecast the demand for 15 SKUs of shirts sold across 20 stores. You run this forecast with 12 different forecast actions (each action may apply a different algorithm and/or data collection) for planning purposes each month for 10 months. This activity uses 3,600 points per month, or 36,000 points over 10 months.
(15 SKUs * 20 stores * 12 forecast actions * 10 months = 36,000 prediction points)
Notes:
- When you create a forecast action, the points aren't counted toward your quota. Once it's run and passes successfully, points are counted toward the quota.
- If a forecast action is run multiple times, each time counts toward the quota. For example, if you run the same forecast action twice, you double your points usage.
