Frequently Asked Questions

We require at least 2 to 3 years of data to get started, but having additional data points will provide more comprehensive insights.

Accuracy can be evaluated in numerous ways, considering various time horizons, granularities, and KPIs. Because of these different methods and evaluation forms, it’s hard to generalize about accuracy metrics—we need to compare apples with apples. While high accuracy is important, our main goal isn’t to overfit the model just to achieve flashy accuracy metrics. Instead, we aim to strike the perfect balance between solid accuracy levels and logically strong relationships among different data sources. This approach ensures our models are both reliable and meaningful.

Achieving accurate and meaningful insights hinges on a certain level of data quality. While perfect data is rare, we need your data to be reasonably clean and consistent for optimal results.

Predikt’s cutting-edge automated routing system takes the hassle out of data quality management by analyzing your data and identifying time series with missing or low-quality data. It then provides possible solutions to address these issues.

Our team is here to help you assess and improve your data quality. Having a solid foundation allows us to deliver the best results efficiently.

Most of our customers didn’t start with pristine data. However, the boost Predikt provides serves as a true accelerator, encouraging continued investment in data quality where needed.

Our pricing model is based on your consumption of predictions, with the cost of a Predikt license tailored to the number of targets and prediction keys you need. This ensures you only pay for what you actually use.

And here’s the best part: using Predikt is not only smarter but also far more cost-effective than hiring a data scientist to handle your predictive analytics. Save money while harnessing top-tier predictive power!

Predikt connects with a vast array of external data sources, integrating an incredibly diverse range of information to enhance its analytical capabilities. We connect to both paid and non-paid databases, ensuring a rich and comprehensive data set.

Our data collection spans traditional macroeconomic indicators such as inflation, consumer confidence, unemployment, interest rates, and GDP. Additionally, we access demographic indicators, finance, commodity prices, socio-economic data, and many other economic metrics.

Notable examples of the external databases Predikt connects with include Eurostat, the OECD, the IMF, and Google. This extensive connectivity allows users to leverage high-quality, authoritative data from some of the most reputable sources available.

Our platform boasts robust global coverage across different industries and geographic regions. We are committed to keeping our data current by updating our indicators daily, ensuring our database of indicators continues to grow and that our customers always have access to the latest and most relevant information.

Notable examples of the external databases Predikt connects with are Eurostat, the OECD, the IMF, WHO, Google, … This connectivity allows users to leverage high-quality, authoritative data from some of the most reputable sources available.

Our platform provides robust global coverage across different industries and geographic regions. We are committed to keeping our data current by updating our indicators daily, ensuring users always have access to the most recent and relevant information.