Forecast variants

Forecast variants enable to simulate and analyze the effects of different forecast configurations. The default forecast, called Main, is generated daily through the daily pipeline run, after receiving the updated data.

Additional forecast variations include voucher rate variants and dev forecasts.

Voucher rate variants

These variants help to evaluate and compare the effect of various voucher rates and determine the optimal prices of the products alongside the selected voucher rate. For example, if a voucher campaign is planned for a specific group of products, forecast variants allow you to simulate different scenarios, such as 10% or 15% voucher rates, to understand which rates are more likely to meet your business targets. This helps to identify the most profitable pricing strategy to achieve higher revenue or profit.

How to use voucher variants:

1. Define a scope for the products included in the voucher campaign.

2. Create an optimization, selecting a forecast variant with your chosen voucher rate (e.g: 5%).

3. Optionally, create additional optimizations with other voucher rates (e.g., 10%) to compare results.

4. Compare the predicted KPIs on the comparison dashboard.

5. Upload the prices that align with your business goals.

How to set up:

If forecast variants are not yet available in your frontend and you would like to try out this feature, please contact a data scientist. In your request, specify the desired voucher rate options (e.g., 5%, 10%, 15%, 20%).

Dev forecasts

These forecasts are versions in development that contain new changes or updates not yet part of the Main forecast. These variants can be made available on the frontend for testing, allowing you to compare optimization results between the Main forecast and the updated versions.