The capacity to demonstrate and perform decision modeling and examination is a crucial component of some real-world applications ranging from emergency medical treatment in intensive care units to military commands and control frameworks. Existing methodologies and techniques for deduction have not been progressively viable with applications where exchange offs between decision quality and computational tractability are essential. A successful way to deal with time-critical element decision modeling should give express backing to the demonstration of transient procedures and for managing time-critical circumstances.
In this chapter, we will cover:
What is Forecasting?
Decision-making processes
What is Time Series?
Types of models
Trend analysis
Analysis of seasonality
ARIMA
Smoothing