Time Series Forecasting

Bhaskar Sinha

Motivation/Problem Defination

The Importance of Time series analysis based prediction is to take advantage of the past revealation to come statistically closer to future reducing the uncertainties.

Objective

To determine factors influencing the sales of a consumer durables market in India/Bandra.

We take into account:

-Seasonal effect

-International /open market influence/IS-effect

Data Description

  • Data source :

  • Data duration :

  • Packages used :

The data is summarised in the next slide

Data Source

Code

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Output

Inference

Conclusion and Further scope