Question: For your individual predictive model assignment you will have to complete the following steps: Identify and obtain a sample time series data set (>=100 observations)
For your individual predictive model assignment you will have to complete the following steps:
Identify and obtain a sample time series data set (>=100 observations)
Using the data provided summary statistics for the variable of concern Use appropriate charts & visualizations to summarize the data.
Provide a write up about the nature of the data highlighting key trends & talking points. Fit multiple forecasting models to given data (>=3 models).
Visualize the next 5 forecasted points along with the given data in a line chart.
For all the 5 models that you fit, calculate error metrics (MAPE & Mean Absolute Deviation).
Create a table with the given error metrics and summarize the performance of your models.
Make a choice based on model metrics and provide a brief summary of why you would use a certain model
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