Re: value prediction
Date: Sat, 21 Feb 2009 08:53:27 -0800 (PST)
> I'm using Oracle 10g.
> Are there any analytic/statistic functions in Oracle to predict future
> values based on existing historical data ?
> For example: I have a table with product sales of the last 5 years, can we
> make an estimation of the sales for the next year ?
It's all too easy to throw numbers into an equation (particularly one supplied by Oracle) and predict a massive increase/decrease in sales next year because "the database said so..."
Be very careful when trying to predict the future - especially in the current economic climate - raw numbers tell you nothing about all those waffly variables "market confidence" and "consumer sentiment" &c...
The Oracle crystal ball is in for servicing (and will remain that way for a very long time indeed!).
Received on Sat Feb 21 2009 - 10:53:27 CST