Learn how to effectively work around business analytics to find out answers to key questions related to business. We are using sophisticated statistical tools like R and excel to analyze data. This training is a practical and a quantitative course which will help you learn business analytics with the perspective of a data scientist. The learner of this course will learn the most relevant techniques used in the real world by data analysts of companies around the world.

The training includes the following;

Introduction to Forecasting

Models/Methods of Forecasting

Steps in Forecasting

Problems in Forecasting

Simple Forecasting Methods

Simple and Multiple Regression

Time Series Decomposition

Exponential Smoothing

ARIMA models

Conclusion

Time series in R is defined as a series of values, each associated with the timestamp also measured over regular intervals (monthly, daily) like weather forecasting and sales analysis. The R stores the time series data in the time-series object and is created using the ts() function as a base distribution.

How Time-series works in R?

R has a powerful inbuilt package to analyze the time series or forecasting. Here it builds a function to take different elements in the process. At last, we should find a better fit for the data. The input data we use here are integer values. Not all data has time values, but their values could be made as time-series data. The data consists of observations over a regular interval of time. It needs several transformations before it is modeled up.