Forecasting overview

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Forecasting models predict a sequence of values. For example, as a retailer, you might want to forecast daily demand of your products for the next 3 months so that you can appropriately stock product inventories in advance.

Workflow for creating a forecast model and making predictions

The process for creating a forecast model in Vertex AI is as follows:

Steps Description
1. Prepare tabular training data for forecast models Prepare your tabular training data for forecast model training.
2. Create a dataset for training forecast models Create a new dataset and associate your prepared training data to it.
3. Train a forecast model Train a forecast model in Vertex AI using your dataset.
4. Evaluate your model Evaluate your newly trained forecast model for prediction accuracy.
5. Get predictions for a forecast model Request batch predictions from your forecast model.