
A Framework to Think About Forecast Accuracy Since one of the main values of forecasting is to assist better planning and decision-making, that could understandably lead one to think “We want 100% accuracy, and if that’s impossible, then at least 99%!”. This “magical number” threshold, while a good thing to aspire too, can hold you

Below are links to some of my forecasting projects, most with code included. Exploratory Data Analysis of Time Series Building Basic Forecasting Models Forecasting Skiing Speed Video – link goes to my youtube channel Forecasting Brewing Supplies Video with my forecasting app – link goes to my youtube channel

James Young Packages Used Purpose In the last article we completed an EDA of the sales data and determined it was most likely in units sold rather than dollars and that the data had a hierarchical and grouped nature. Here we will forecast at the dept_id crossed with state_id level. That will allow us to