Good, not too technical piece in DSC, on the basic elements of forecasting ....
Selecting Forecasting Methods in Data Science
Posted by Kamala Kanta Mishra
We are dealing with plethora of data and information in the world today and expectation is to predict and forecast how we can gain competitive advantage based on the information that we have, to act in advance. We look forward to define and furnish various methods based on our gut feel, past historical data, simple mathematical averages, and many more to get an incredibly precise prediction. With advanced analytics and data science, we develop “always-on” forecasting models which enable our clients to take their decisions effectively. From intuition to traditional algorithms to machine learning, phases have been evolving over a period. ... "