The forecast horizon is the length of time into the future for which forecasts are to be prepared . These generally vary from short-term forecasting horizons (less than three months) to long-term horizons (more than two years).
Read moreHow does probabilistic forecasting work?
Probabilistic forecasting is a technique for weather forecasting that relies on different methods to establish an event occurrence/magnitude probability . This differs substantially from giving a definite information on the occurrence/magnitude (or not) of the same event, technique used in deterministic forecasting.
Read moreWhat is a time series Modelling?
One such method, which deals with time based data is Time Series Modeling. As the name suggests, it involves working on time (years, days, hours, minutes) based data, to derive hidden insights to make informed decision making . Time series models are very useful models when you have serially correlated data.
Read moreWhat is Time series analysis in data science?
Time series analysis is a specific way of analyzing a sequence of data points collected over an interval of time . In time series analysis, analysts record data points at consistent intervals over a set period of time rather than just recording the data points intermittently or randomly.
Read moreWhat is forecasting in data science?
Forecasting is to predict or estimate (a future event or trend). For businesses and analysts forecasting is determining what is going to happen in the future by analyzing what happened in the past and what is going on now .
Read moreHow do I install MXNet?
Step 1 Install Docker on your machine by following the docker installation instructions . Note – You can install Community Edition (CE) to get started with MXNet. Step 2 Pull the MXNet docker image. You can list docker images to see if mxnet/python docker image pull was successful.
Read moreWhat is probabilistic Modelling?
Probabilistic modeling is a statistical technique used to take into account the impact of random events or actions in predicting the potential occurrence of future outcomes .
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