Our new How-To article explains how the predictions feature works and what information you get. With version 1.90 this feature is now available. You can find the prediction in the detail view of each key figure.
Our goal was to develop a tool that shows you if you are on schedule and if you can reach your goals as planned. In case of possible deviations, you have the chance to react early to complete the goal by the deadline.
In addition, you should be able to see the expected development for each key figure, so that better decisions can be made based on this knowledge.
Contents of the prediction
In a chart you can display the development of the current value of a key figure in different time periods. You can choose between:
- 6 months
- 1 year
- 2 years
- 5 years
If it is a target key figure, you will see the expected number of days until the target is reached and the date. Your target value is also displayed in the chart for target key figures.
How does it work?
The basis of the predictions are your existing values. An algorithm for time series analysis uses these past data and calculates an expected development. New data are automatically included in the calculation and lead to an update of the predictions. The algorithm weights more recent value changes more heavily than those that lie far in the past. Trends are also recognized and taken into account. If there is still little data available, the predictions are vague. However, if the values are updated regularly, the predictions adjust accordingly and become more and more accurate.
As mentioned above, data is the basis of the predictions. If no or only a few data are available, the results are not very meaningful. Only with a larger number of data points, the predictions show a probable development of the key figures.
I hope our new feature can support you in your goals and provide you with valuable information. If you don’t have the VINIS app installed yet, get it now here and test the new predictions.