From the course: Machine Learning & AI Foundations: Linear Regression

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Time series forecasting

Time series forecasting - SPSS Tutorial

From the course: Machine Learning & AI Foundations: Linear Regression

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Time series forecasting

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- [Instructor] I wanna take a couple of moments to talk about time series forecasting. It's similar to regression in many ways. I don't know how often folks confuse the two exactly, but despite its similarity with regression it's separate and distinct in some very important ways. Let's take a look at an example of a time series forecasting data set. You'll find this one in the additional data files folder of the resources folder. It's Australia Retail Sample. Here we are, and it really couldn't be simpler to be able to identify the fact that this is time series data. Every row is a date. This particular date is written out as April first. Obviously this is real data. This is some years ago. This is actual Australian retail sales data. Although the date says April first, it really represents an aggregation, or a roll-up, as it were, of all those sales throughout the entire month. These three variables, year, month, and date, you notice they have an underscore after them. They're…

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