Use models to forecast the future. The Time Series Forecasting course provides students with the foundational knowledge to build and apply time series forecasting models in a variety of business contexts. In this course, you’ll learn how to use advanced forecasting models to predict the future. You'll learn this through improving your fluency in Alteryx, a data analytics tool that enables you prepare, blend, and analyze data quickly.
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You will learn:
- The key components of time series data and forecasting models
- How to use ETS (Error, Trend, Seasonality) models to make forecasts
- How to use ARIMA (Autoregressive, Integrated, Moving Average) models to make forecasts
Throughout this course you’ll also learn the techniques to apply your knowledge in a data analytics program called Alteryx.
Predictive analytics has proved to be a powerful tool to help businesses analyze data and predict future outcomes and trends. Making forecasts using advanced analytics is crucial in today’s data-driven economy.
This course is ideal for anyone who is interested in pursuing a career in business analysis, but lacks programming experience.
This course is part of the Business Analyst Nanodegree Program.
What You Will Learn
Lesson 1
Time Series Fundamentals
- Learn what attributes make data a time series.
- Get introduced to a variety of simple forecasting methods.
- Learn about seasonality, trends, and cyclical patterns.
Lesson 2
ETS Models
- Learn how to build and use ETS models.
- Use decomposition plots to visualize time series data.
- Get practice building an ETS model in Alteryx.
Lesson 3
ARIMA Models
- Learn how to build and use ARIMA models.
- Learn the techniques used in seasonal and non-seasonal ARIMAs.
- Get practice building an ARIMA model in Alteryx.
Lesson 4
Analyzing and Visualizing Results
- Learn how to interpret time series model results.
- Learn how to use holdout samples to compare forecasting models.
- Visualize your forecasts through various plots.
Prerequisites and Requirements
- No programming experience required.
- Interested in using data to make better business decisions.
- Alteryx license (provided to Nanodegree students at no cost, compatible with Windows only)
