ForecxtIQ

Training Demand Forecasting AI Model

  • Once a Shopify store is set up and all the necessary data for the ForecxtIQ model is in place, you can commence training the ForecxtIQ model.
  • The ForecxtIQ training will be activated regularly, with the frequency determined by your pricing plan (such as every week or every three days).
  • Upon installation of the Shopify store, when products and orders are synchronized from Shopify, this checkbox should be automatically selected.
  • Only Shopify orders from the previous three months will synchronize. For historical orders, utilize the Order History data upload option.
  • This cannot be manually checked
  • Prior to selecting this checkbox, ensure that the preceding steps have been completed.
  • Safety stock and average holding cost must be maintained for all products.
  • Marketing spending for products on past and future dates should be maintained. This facilitates the identification of patterns regarding the impact of marketing expenditure on sales.
  • Upload historical order data to analyze past sales trends.
  • Prior to selecting this checkbox, ensure that the preceding steps have been completed.
  • Each product must have at least one supplier specified, including purchase cost and lead time.
  • Prior to selecting this checkbox, ensure that the preceding steps have been completed.
  • The holiday calendar for both past and future dates should be updated for the Shopify store. This will assist in identifying sales trends related to holidays.
  • Prior to selecting this checkbox, ensure that the preceding steps have been completed.
  • Keep the Forecasting Prediction Timeframe updated. This will indicate to the ForecxtIQ model how far into the future the demand forecast should extend.
  • Once all the necessary steps are finished, you can commence the AI Training, and its progress can be tracked through the AI log.
  • Click on the Start AI Training Button.
  • A dialog box will appear on the screen. Click on Confirm

    The AI training will started successfully.