How to forecast 12-month demand for medicines using Azure AutoML time-series?

Anil Kumar Nagar 0 Reputation points

I need to predict the monthly demand for medicines for the next 12 months. I have historical data from 2018 to 2023 for each medicine, including a unique drug identifier (Scode) and the date of consumption. Using this data, I aim to forecast the demand for each month in 2024.

I'm currently using Azure Auto Machine Learning with the time-series forecasting method. However, it only provides predictions for one month at a time. I need a solution that can forecast the next 12 months and continuously update predictions for subsequent years (2025, 2026, etc.) as new data is added.

How can I configure Azure AutoML to generate 12-month forecasts and automatically incorporate new data as it becomes available?

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  1. Adi 0 Reputation points Microsoft Employee

    Hi, you can also forecast multiple time series using Azure Data Explorer series_decompose_forecast() function

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