Forecasts

Forecasts allow you to estimate the KPI's behavior in the next 12 weeks.

In the UI, you can see the predicted value for each KPI and the denominator (e.g., # users, if relevant) with a 95% confidence interval.

To generate the forecast Loops' uses all available history of the KPI (by default this is 6 months before when the KPI or funnel was created for weekly and daily KPIs and 12 for monthly KPIs).

Forecasts are based on the heavily tested open-source Prophet tool.

Please notice: Forecasts are based on a different algorithm than anomaly detection algorithm used for next-point prediction which uses a proprietary algorithm developed by Loops that gives much more accurate results for shorter time-frame predictions.