Forecasting Next Month data

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  lionelderkrikor Moderator, RapidMiner Certified Analyst, Member Posts: 1,195 Unicorn

  December 2018

  Hi @dgodin3,
  
  You have a time-series module in RapidMiner with operators performing predictions.
  For example, you can take a look at the tutorial of the Holt-Winters operator and 
  adapt it to your data.
  
  Regards,
  
  Lionel
  
  NB : It seems to me that you will need of RapidMiner 9.1 (beta) to use the Holt-Winters operator.

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  hughesfleming68 Member Posts: 323 Unicorn

  December 2018 edited December 2018

  You can also do this with any of the operators that support regression. This includes neural nets, SVM, GLM and Gradient Boosted Trees. The best tool for the job is data dependent. If your data has trend and seasonal components then the new ARIMA operators can be useful. Understand the windowing operator and do the time series tutorials. Those will cover the basics.I would start with the linear predictors and work from there as they are easier to understand.
  

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  Telcontar120 Moderator, RapidMiner Certified Analyst, RapidMiner Certified Expert, Member Posts: 1,635 Unicorn

  December 2018

  I would probably start with the ARIMA model operator from the new time series extension and the Apply Forecast operator as well, and see what that looks like.  Then you could consider either Holt-Winters or more complex algorithms as well.

  Brian T.
  Lindon Ventures 
  Data Science Consulting from Certified RapidMiner Experts

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  Papad Member Posts: 68 Guru

  June 2019

  Hi @dgodin3 ,
  seems like linear regression, deep learning would be a good approach.
  Although ARIMA model is very good about time series predictions so you can take a look at first how forecast validation operator works and after use inside it the arima model operator.
  Hope it helps.
  

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