Overview
Forecasting is the process of predicting future events based on historical data and trends. In data analytics, it helps businesses make informed decisions by estimating future sales, customer behavior, and market trends. This introduction will cover basic concepts, methods, and the importance of accurate forecasting in various industries, enabling students to understand how to apply these techniques effectively.
📚 Key Learning Objectives
- ✓ Define key terms related to forecasting.
- ✓ Identify different forecasting methods.
- ✓ Analyze historical data for trends.
- ✓ Create basic forecasts using sample data.
- ✓ Evaluate the accuracy of forecasting models.
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