Chapter 13 A Comparative Analysis of Traditional and Machine Learning Forecasting Techniques
Lija Jacob and KT Thomas
Department of Data Science, Christ University, India.
Emails: lija.jacob@christuniversity.in, 0000-0001-6311-0168; thomas.kt@christuniversity.in, 0000-0002-3469-6742
1. Introduction to Forecasting
Forecasting is the process of making predictions or estimates about future events or conditions based on historical data, trends, and patterns. It involves analyzing past data and using statistical or other quantitative methods to project future outcomes, such as sales figures, market trends, weather patterns, or financial performance. Forecasting can be used in a wide range of fields, including economics, finance, business, weather ...
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