This course attempts to explain the basic concepts of exponential family of predict modelling. You shall learn about the different components of this family and their relationship. Also learn about how to identify the right model fitment to the given data series.
Exponential smoothing is one of the most powerful and trusted techniques in predictive analytics specially in demand forecasting. Hence it is important to understand the basic premise of the technique to be able to effectively use it when available in various forecasting software.
This course is designed for business users only and does not get in to mathematical derivations of the statistical models.