From the course: Business Analytics: Forecasting with Seasonal Baseline Smoothing

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Prepare to make a seasonal forecast in R

Prepare to make a seasonal forecast in R

From the course: Business Analytics: Forecasting with Seasonal Baseline Smoothing

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Prepare to make a seasonal forecast in R

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- [Instructor] I'm in exercise file 0203. What you see on your screen right now is a forecast made on a different baseline using techniques that we have already explored in this course so far. I'd like to direct your attention in particular to the alpha and the delta smoothing constants. You might want to make a note of those because we're about to run the same analysis on the same data set using R. So we'll be in a position to compare the results that Excel returns with the results that are returned by R. We're gonna start out by highlighting or selecting the baseline data because we'll be pulling that data into R using the desk tools that function in R but with that highlighted, now we can start R and we'll need to pull in a couple of packages in order to complete the analysis. The first one is going to be desk tools which you'll pull in using the library command. And we'll also pull in the forecast function package rather, using again the library command. With those in hand, we can…

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