Question: I am working on a time series forecasting project using LSTM with monthly sales data. I have already applied differencing to the sales data to
I am working on a time series forecasting project using LSTM with monthly sales data. I have already applied differencing to the sales data to stabilize the mean. Now, I am considering adding seasonal features to improve my model's performance. However, I am unsure whether I should apply the seasonal features directly to the differenced data or create new seasonal features from the original data before differencing.
In my LSTM model for forecasting monthly sales, should I apply seasonal features directly to the differenced data, or is it better to create new seasonal features from the original data before applying differencing?
After making predictions with my LSTM model, how do I revert the differenced predictions back to the original scale, especially if I have used seasonal features? What steps should I take to calculate RMSE accurately in this context?
By incorporating multiple features like seasonal indicators and moving averages into my LSTM model, does this change my analysis from a univariate to a multivariate time series problem? What are the implications of this change for my modeling approach?
Can you provide a stepbystep process for implementing an LSTM model for my time series forecasting project, including how to handle differencing, feature engineering, model training, and evaluation
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