MTH302 GDB (Just Idea)

Construct a real world business problem and then apply Time Series Forecast.



Solution;

I wish to forecast the sales of a somewhat seasonal product by month. Sales have been increasing lately. I need to know what they are likely to be over the next 6 months. Time series analysis gives me insight into what the trend and seasonality are.

And

You may make a monthly or weekly sale forecast.If you use weekly or monthly data, it is time series in nature. But if you collect sale volume at a point in time of all companies in the market,the data is crossectional.

good