Introduction to time series forecasting

From forecasting the weather each day, predicting the future price of an asset, or identifying seasonality in a company’s sales revenue, time series forecasting plays an incredibly important part of our personal and professional lives. Forecasting the future is never an easy task, although in this article we’ll introduce several statistical and machine learning techniques that can help us with the task. In particular, we’ll cover the following topics: What is Time Series Data? What is Time Series Forecasting? Statistical Times Series Forecasting Techniques Machine Learning Time Series Forecasting Challenges in Forecasting Let’s get started. 1. What is Time Series… [Continue Reading]