Forecasting Methods Forecasting is one of the most common uses of data mining. In forecasting, a user takes past data on a given variable, such as sales, and projects that variable into the future.
Forecasting can help an organization plan appropriate strategies for long-term growth.
There are numerous methods of forecasting including time-series regression techniques and neural networks. SPSS offers time series regression-based forecasting methods in SPSS Trends . Neural network-based forecasting can be done in Neural Connection . Clementine Server offers neural network-based forecasting. SPSS Inc. All rights reserved.