1. Administering Planning
  2. Setting Up Predictions to Run Automatically with Auto Predict
  3. About Auto Predict
  4. Auto Predict Considerations

Auto Predict Considerations

  • Auto Predict works with EPM Standard and EPM Enterprise applications for Custom and Module application types when Hybrid Essbase is enabled.

    For legacy applications, Auto Predict works with legacy Enterprise Planning and Budgeting Cloud Service and Planning and Budgeting Cloud Service Plus One (PBCS +1), when the Essbase version is upgraded to the version that supports Hybrid Essbase and Hybrid Essbase is enabled.

  • Auto Predict works with EPM Enterprise applications for Sales Planning, Strategic Workforce Planning, and Cash Forecasting application types when Hybrid Essbase is enabled.

  • In addition, you can use Auto Predict with Oracle Sales Planning Cloud and Oracle Strategic Workforce Planning Cloud.

  • Auto Predict is not available in freeform applications.

  • Auto Predict works with custom time periods in Planning and alternate time periods in Planning modules; for example in Financials you can predict at both a weekly level and at a monthly level in the same application.

  • Prediction results are more accurate the more historical data you have. There should be at least twice the amount of historical data as the number of prediction periods.

    When series have less than six historical data points, Auto Predict does not use forecasting, instead it uses a straight line fit for the prediction series. In this case there are results only for the base case. Best case and worst case are not calculated, because the values would be the same as the base case.

  • For details about the statistical forecasting methods used in Auto Predict predictions, see Predictive Planning Forecasting and Statistical Descriptions in Working with Planning.
  • Planners can do predictions directly on a form. For more information, see Improving Forecasting Accuracy with Predictive Planning in Working with Planning.