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Product demand forecasting

This task aimed to predict the product demand via ARIMA and SARIMA models.

Work Flow:

  • Import Data and Libaries
  • Data Exploring and Preprocessing
  • Data Visualization
  • Feature Engineering
  • Explore the Dataset and visualize data
  • Model Build & Validation: ARIMA/SARIMA/LSTM
  • Forecast
  • Conclusion

The result is as follows:

SARIMA shows the better performance.

ARIMA RMSE: 284.4672453594125

SARIMA RMSE: 223.8973002558601

The forecasting chart: image

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Using time series models to predict the demand

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