Microsoft announced the availability of new forecasting capabilities in its cloud-hosted business intelligence (BI) offering, Power View for Office 365 at the Pass Business Analytics (BA) Conference that kicked off in San Jose this week.
With this new capability, you can now apply predictive forecasting and hindcasting to visualize and explore data in Power View. Forecasting in Power View leverages built-in forecasting models that use exponential smoothing to automatically detect seasonality in data to provide forecast results from a series of data. You can adjust the confidence level or outlier data to explore forecast results. Power View's hindcasting ability also lets you predict the present and recent past based on older data.
Stay tuned for more information from SQL Server Pro as we go in-depth on what you need to know for each new forecasting feature!