Teradata / jupyter-demos

13 stars 16 forks source link

UseCases/SalesForecasting/SalesForecastARIMA.ipynb #200

Open mrconway opened 1 year ago

mrconway commented 1 year ago

Intermediate Time Series Charts such as Decomposition and Residual Plots with MAPE Evaluation

mrconway commented 1 year ago

We can include a Decomposition chart to show any trend and cycles. Perhaps, we can show some other intermediate visualizations such as Residual plots and Stationary plots. I'll provide some attachments shortly.

As we know, typically we want to display Actual vs. Predicted in the final forecast. Mean Absolute Percentage Error (MAPE) will show us the difference in percentage terms, which maps better to the business case. Let's evaluate on this metric.