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 ?
How can I add additional periods to my time series so I can see the prediction in my visualization ?
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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 ?
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 ?
Altair EmployeeHi,
you need to add a forecasting method in between. The options are ARIMA, Holt-Winters, Default Forecast and Seasonal Functional forecast (or so).
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Altair EmployeeHi,
you need to add a forecasting method in between. The options are ARIMA, Holt-Winters, Default Forecast and Seasonal Functional forecast (or so).
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