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  3. Forecasting Product Demand in R

Exercise

Build time series forecast for new region

So you have built models forecasting sales for the metropolitan region in your lessons and the mountain region in the videos. Let's build a middle-out forecast for the southeast coastal region and then we will have completed the whole state's hierarchy! In your workspace you have SEC_total for sales and dates_valid and SEC_t_v for validation.

Instructions

100 XP
  • Build a time series model for the southeast coastal regional sales (SEC_total).
  • Forecast out 22 values into 2017.
  • Make this forecast an xts object using the date index dates_valid.
  • Calculate the MAPE.