Time Series Modeling

[JoeM]

Experience Level: Intermediate

Course Description: Data that is time based (values collected over a year for example) has an order which needs to be accounted for. There are several methods available to model and forecast time series.

You’ll Learn How to:

• The difference between ARIMA and ETS models
• Forecast Times Series
• Compare Time Series Models

Date: 2018-10-02

Version: 2018.3

Presented by: @HossC

[AA_alteryx]

Hi Joe,
Your video was really helpful. I have few queries around one of my problem statements as I am new to Alteryx and I feel you are the best person to reach out to, could you help me with a small sketch around how should I actually progress on this using Alteryx, a bit more from granular level.

Problem statement: We have over three years of spend data that includes details such as PO Order Date, Item, Item Description, Unit Price, and Primary UOM. Specifically, I am interested in predicting unit prices for the upcoming six to twelve months, including months like November 2024, December 2024, and January 2025, using the historical prices stored in our Azure Data Lake.