# Forecasting Model Explainer

{% hint style="success" %}
*Check out the given walk-through to understand the Model Explainer dashboard for the Forecasting models.*
{% endhint %}

{% embed url="<https://files.gitbook.com/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FBLGYLEkBUnc8nVEBAuEI%2Fuploads%2F8AUcpyawkmgudnwZUmJI%2FForecasting%20Model%20Explainer.mp4?alt=media&token=96a738db-7c80-49c8-b3b7-55daf054f2db>" %}
***Forecasting Model Explainer***
{% endembed %}

The forecasting model stats are displayed through the Timeseries visualization that presents values generated based on the selected time.

## Predictions

This chart will display predicted values generated by the time-series model over a specific time.

<figure><img src="https://content.gitbook.com/content/z33KQNYQvBTgQKJBgwTz/blobs/LeycfvQed5Gokrjt7PRa/image.png" alt=""><figcaption></figcaption></figure>

## Predicted Vs Actual

This chart displays a comparison of the predicted values with the actual observed values over a specific period.

<figure><img src="https://content.gitbook.com/content/z33KQNYQvBTgQKJBgwTz/blobs/8o7W3UAMMetzvTkti0Ob/image.png" alt=""><figcaption></figcaption></figure>

## Residual

It depicts the difference between the predicted and actual (residual) values over a period.&#x20;

<figure><img src="https://content.gitbook.com/content/z33KQNYQvBTgQKJBgwTz/blobs/ODTqR2cpdM5bJYynMMT0/image.png" alt=""><figcaption></figcaption></figure>

## Predicted Vs Actual Scatter Plot

A Scatter Plot chart is displayed depicting how well the predicted values align with the actual values.

<figure><img src="https://content.gitbook.com/content/z33KQNYQvBTgQKJBgwTz/blobs/R0Pd21kWlVzinzbwbf3Q/image.png" alt=""><figcaption></figcaption></figure>