1. Benchmark forecasting
Last Updated on July 24, 2023 by Editorial Team
Author(s): Mahbubul Alam
Originally published on Towards AI.
Data Science
Photo by Greg Rakozy on Unsplash
Time-series forecasting is one of the most talked-about topics in data science. Not surprisingly, there is a rich forecasting toolbox with many different options to choose from for data scientists. The possibilities are so many that they often leave data scientists being overwhelmed, puzzled, and sometimes outright confused.
More often than not, these techniques are closely related to each other. Limitations in one technique most likely led to the development of another. As we shall see below, for example, all techniques in the ARIMA family (e.g., AR, MA, SARIMA, SARIMAX) may look different, but in reality,… Read the full blog for free on Medium.
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