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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); see
About Us for more details.
Are your forecasts really accurate? Lokad has a unique technology that we believe to be superior to our competitors'. But when it comes to data mining, there is no substitute for a real benchmark. We don't ask you to take our word for it, we suggest you try Lokad and see for yourself how good we are. 60-day moneyback unless you are amazingly satisfied with our services.
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.
Do you have an affiliate system for software editors? Not at this time. Yet, we are currently considering this option. Do not hesitate to
contact us if you are interested.
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.