What is this?

The Auto Update advanced functionality allows the user to use Robotic Process Automation (RPA) to establish an autonomously updating Force of Change. You set a series of thresholds and comparison factors and then allow 3rd Eye's back-end to continuously update the status of the Force.

The user still needs to make their predictions for the time intervals, but 3rd Eye will automatically evaluate your predictions against the ground truth at the specified date.

Why use this?

There are currently two auto-update functions available: Financial and Weather.

The auto-update functions allow the user to create a near infinite number of surrogate Forces of Change that will automatically update their ground truth against the predictions. These surrogates can be created to approximate a number of Forces of Change.

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For example:

• The stock price of Exxon likely reflects the state of the oil industry.
• The trading volume of Southwest Airlines likely reflects trends in air travel.
• The 10-day rolling average of Pfizer reflects the pharmaceutical industry.
• The EPA Air Quality Index is a reflection of climate status.