In case you are interested by making forecasts a couple of future end result, time series is the tool for it. Time series data is a group of observations recorded at specific intervals, reminiscent of an hourly weather report, or a every day inventory and sales report. Time series provide us with tools to know historical data and use them to forecast the longer term with more certainty. For instance, I’m personally grateful to all those scientists who created the weather forecast app through the study of time series and businesses reminiscent of Amazon that depend on their sales forecast to raised place inventory in order that I can receive my Amazon order as soon as possible!
There admittedly are a variety of time series tutorials available online but I still decided to write down this post due to following contributions:
- Construct Foundation: As an alternative of assuming reader’s familiarity with time series, we are going to go deeper into introducing the foundational concepts related to the time series to raised understand the subject and follow along.
- Construct Breadth: Once readers are accustomed to the foundational knowledge vital to understand time series, we then introduce 10 different time series forecasting methods that will be used…
