Question: Tools will be used in organization to automate forecasting: As a CDO my choice for my company's automated forecasting system will be the combination of

Tools will be used in organization to automate forecasting: As a CDO my choice for my company's automated forecasting system will be the combination of the following tools. Excel Extensions: In order to maximize to evaluate using statistics and analyze data in more efficient way I can use Microsoft Excel additions such as problem solver, Power Query, Tool Pak as well as Data Analysis. R and Python program: Here there need to develop own program to take statistical framework advantage and machine learning techniques for forecasting. Resources for dash boarding: For user friendly manner and interactive way we can use Tableau or Power BI for dashboarding tools that can provide expected data as key performance indicator. The reporting process: Reports need to create and send out by setting up automated reporting system using tools like Zapier or Microsoft Power Automation system. Solutions based on cloud: Cloud based forecasting tools like Google cloud or amazon forecast need to take into account as they offer anyone access to enormous computing power and advanced predictive analytics skills. From the above analysis I can summery that our prediction workflow will be more accurate and efficient by the using of effective use these tools and technologies. Give a comment for the post?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Algorithms Questions!