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Forecast Model - which Algorithm?

User: "JunoSital"
New Altair Community Member
Updated by Jocelyn
Hello,

my name is Alex and I am studying Business Informatics. I would like to design a prediction model for a technical paper in the subject Big-Data. At the moment I can't find an approach which algorithm I should use and how.

My dataset consists of booking data with 3 attributes (date, machine (polynominal), tool number (integer)).
Each machine receives several identical tools based on production-orders every day. With my model, I now want to predict which tools will have to be transferred to the machines for tomorrow or the day after tomorrow.

Can you help me here?
Kind regards
Alex

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    User: "MartinLiebig"
    Altair Employee
    Accepted Answer
    Hi,
    i think your question will be rather: How do I represent my data for learning. Probably you want to have a look at time series models afterwards. I.e. ARIMA, Holt-Winters and the new Multi-Horizon Forecast with models like Random forests.

    BR,
    Martin
    User: "JunoSital"
    New Altair Community Member
    OP
    Hello Martin,

    thank you very much for the information. I try out the algorithms and am curious about the results.

    Kind regards
    Alex