on 05-18-2021 1:00 AM
Hello,
I am attempting to use a predictive scenario to predict when a container will need to be refilled given a history of past refill dates. Is it possible to use time series forecasting to predict when the container will need to be refilled next?
Greatly appreciate the help.
Regards,
Zachyi
Hello,
Time series forecasting is typically used to forecast the evolution of a given KPI per time, not really specific dates.
Examples:
In your example, you are rather trying to predict the likeliness of a certain event - do I need to refill the container at this date?
My suggestion is to consider classification for doing so and predict the likeliness of having to refill the container for the specific date. As always the beauty as well as the difficulty of data science lies in the data preparation phase where you typically need to address & solve 80% of the problem. Obvious challenges to resolve in your use case is how to formulate dates - not absolute but relative to past events, months etc. For instance 90 days have passed from the last refill to today etc.
In addition to the dates handling, are there any factors (features) that we can relate to the event "the container was refilled"?
A similar idea / example can be found here https://towardsdatascience.com/forecasting-of-periodic-events-with-ml-5081db493c46
Best regards,
Antoine (product manager for SAP Analytics Cloud predictive scenarios)
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Hi zachyi,
I do not see why not. You will also find several Python forums out there, that explain in detail, with examples, how to use timeseries predictive forecasting to predict future dates.
Back to SAC, here are three blog posts that can provide some guidance.
Time Series Forecasting in SAP Analytics Cloud Smart Predict in Detail
SAP Analytics Cloud – Predictive Forecasting: Time Series Forecasting
SAP Analytics Cloud Predictive Planning – Frequently Asked Questions
KIndly advise and share if you were able to advance in your project, so the community can learn from it.
Cheers,
Luis
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