Oracle EPM - Advanced Predictions Now Available

 Advanced Predictions Now Available

This is the big one for the month. Advanced Predictions brings multivariate predictions to Auto Predict. Up to now, Auto Predict used univariate predictions. 

What does that mean, you ask? In basic terms, univariate predictions are based on one variable, such as analyzing historical sales volume to predict future sales volume. 

Multivariate predictions bring in the ability to use more than one variable to predict future data. For example, you can analyze volumes, average sales prices, and GDP rates to predict future sales volume. 

Multivariate will make Auto Predictions more accurate. Before this update to take advantage of multivariate predictions, you would need to bring in an ML model created outside of EPM (which is still available).

Some important considerations.

• You must opt in to use Advance Predictions
• You must have an EPM Enterprise subscription
• There is no additional cost required to deploy OCI Data Science; it is embedded in Fusion Cloud EPM
• Explainability is only available on the web and not in Smart View
• Lastly, this appears to only apply to Auto Predict and not Predictive Planning.