A year of innovation with Indicio in 2022, and what to expect moving into 2023

A year of innovation with Indicio in 2022, and what to expect moving into 2023

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Published on
February 9, 2023

2022 was a year of innovation for our forecasting platform

Introduction of new models

We introduced a range of powerful multivariate models, including SCAD, MCP, BGR, VECM Lasso, GRU, ANN, and LSTM.

Popular model implemented

Alongside these additions, we also included the popular univariate Prophet model.

In the second half of 2022 and early 2023, significant enhancements to Indicio were made

Introduction of game-changing features

- SHapley Additive explanations (SHAP) are now available in the reporting, which enables a comprehensive breakdown of forecast effects from individual variables, improving stakeholder explainability.

- We also introduced stationarity diagnostics, hierarchical forecasting for creating aggregate forecasts, forecast templates for seamless collaboration, expanding window accuracy for precise out-of-sample accuracy measures, integrations with SQL databases.

As we progress through 2023, our focus remains on continuous improvement

New models to improve forecast accuracy

We are diligently working to bring mixed frequency models like MIDAS to the platform, which will further expand our forecasting capabilities.

Opening up the stage for handling daily and weekly forecasting options

Additionally, we have enhanced the handling of daily and weekly data, setting the stage for future daily and weekly forecasting options.

We're committed to providing our customers with the most advanced forecasting tools to improve forecasting and empower decision-making.

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