How to add additional months to my time series and predict them with exponential smoothing ?

I have this univariate time series for one product. So for each month I have a single sales value. I added an exponential smoothing operator to it and now I want to predict the next month based on the smoothing curve.
How can I add additional periods to my time series so I can see the prediction in my visualization ?

Find more posts tagged with

AI Studio

Time Series

Accepted answers

MartinLiebig

Hi,

you need to add a forecasting method in between. The options are ARIMA, Holt-Winters, Default Forecast and Seasonal Functional forecast (or so).

All comments

Pavithra_Rao

Hi @peterdw,

Just add the 'Apply Forecast' operator to 'exponential smoothing' operator to get the prediction for next 'n' months.

Also here's a quick webinar about Univariate Time Series https://rapidminer.com/resource/time-series-foundations/

Cheers,
Pavithra

peterdw

Hi Pavithra,

I am very new to RM so thank you for your suggestion.
I tried to add the 'Apply Forecast' operator after the 'Exponential Smoothing' operator but the 'Apply Forecast' expects a forecastModel instead of an ExampleSet. Can you put me on the right path ?

Image: https://us.v-cdn.net/6030995/uploads/editor/9b/rbcuxzylviuk.png

MartinLiebig

Hi,

you need to add a forecasting method in between. The options are ARIMA, Holt-Winters, Default Forecast and Seasonal Functional forecast (or so).