Forecasting Future Customer Inflow Numbers using #arima and FBProphet
▻https://hackernoon.com/forecasting-future-customer-inflow-numbers-using-arima-and-fbprophet-2f7
Peaking into the futureSometimes it is important for a venture to peak into the future to understand how much volume foot traffic or how many units of products they can expect to sell. This could help better prepare for the future by scaling up sales and customer services team to adequately prepare for likely sales over the course of the next few years/months and ensuring there are demand side resources to handle projected growth.▻https://medium.com/media/ef398bdfacdcbc10075fcee3b0ac728d/hrefLike our trusted guide, Mr. Knuckles, in the above GIF, we can use historical data points to help us understand not just the present, but the future- helping guide us into the unknown. When we try and make such projections based only on time and values this is known as a time series analysis. We (...)