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Methods of Forecasting for Capacity Management

Forecasting is the process of making statements about events in the future. Events related to capacity management are typically things like the state of resource consumption, service levels, and computing environment changes at future points in time. Making statements or predictions about these future events requires analysis of information to determine a future state. Knowing what information is needed to make accurate forecasts is a critical step for any analysis.

Forecasts are made to answer questions. Understanding the questions, and things that affect answers to those questions, is the first step to creating an accurate forecast. Required accuracy of a forecast should determine which methods are used to create it. Assumptions can be made to limit the amount of data and time required for creating forecasts. Validating forecast accuracy, after events happen, is an important part of continually improving future forecasts, and building credibility. This webinar describes the important task of forecasting as it relates to capacity management.

This presentation covers the following topics:

  • Why do we forecast?
  • Forecasting Scenarios
  • Forecasting Techniques
  • Forecasting and Virtualization
  • Summary