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Informative Article | Science and Technology | India | Volume 10 Issue 6, June 2021 | Popularity: 5 / 10
Long-Term vs. Short-Term Forecasting Data Scientist's Strategies for Different Horizons
Sowmya Ramesh Kumar
Abstract: Forecasting is a critical aspect of data science, and the choice between long - term and short - term forecasting strategies depends on the nature of the data, the objectives of the analysis, and the specific needs of the application. In this discussion, we will explore the distinctions between long - term and short - term forecasting, the strategies employed by expert data scientists for each horizon, and the considerations that influence their decision - making.
Keywords: Long Term Forecasting, Short term forecasting, seasonality, decomposition, forecasting, modeling
Edition: Volume 10 Issue 6, June 2021
Pages: 1796 - 1797
DOI: https://www.doi.org/10.21275/SR24213014558
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