For instance, this could be the forecast of a production line or the prediction of a daily building energy consumption. Forecasting should be used when the target variable is supposed to have an underlying pattern and when historical measurements are available.
Forecasting analytics includes four features:
- Learn a model from past input and target data (createModel).
- Apply the model on new data to forecast the target (applyModel).
- Update an existing model with actual data (updateModel).
- Get information on an existing model (getModelInformation).