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Forecasting Software for sales, demand and call volumes

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Frequently Asked Questions (FAQ)

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Frequently Asked Questions

What is Lokad? Lokad is a business intelligence provider that specializes in online forecasting. Lokad is based in Paris (France); check our introduction for more details.

Are your forecasts really accurate? Lokad has a unique forecasting technology that we believe to be superior to our competitors'. We're not asking you to take our word for it: we want you to try Lokad and see for yourself. This is why we're offering a 60-day moneyback guarantee in case you're not amazingly satisfied with our services.

How much does it costs? It basically depends of your forecasting needs: the more forecasts you need, the larger the monthly subscription. Our pricing is public. You will find the full detail on our pricing page.

How much data is needed for a forecast? The minimal technical requirement for a time series is a single data point. Yet, no matter the quality of the forecasting algorithms, it is not possible to produce reliable forecasts based on such limited data. As a rule of thumb half a dozen of points are usually required to produce a meaningful forecast.

Do you have an API for custom integration? Yes, we provide a Web Services API that can be used by developers to integrate the Lokad forecasting technology into any 3rd party application.

Your software is open source. Why should I pay? Lokad is releasing all 3rd party integration add-ons as open source. Yet, those add-ons relies on our Web Services API. The data is first uploaded to Lokad; then the forecasts are downloaded from Lokad. Automated forecast retrieval through our Web Services is only available with the Enterprise Subscription Plan.