Forecasting Next Month data

dgodin3

Hello, I am new to RapidMiner. I have a date set that has monthly values for the last 10 years. The dataset ends in October 2018. How can you predict the value for November 2018? For example,
9/1/2018 =30
10/1/2018 =88
11/1/2018 =??

lionelderkrikor

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.

hughesfleming68

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.

Telcontar120

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.

Papad

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.