Technique for Forecasting




I have 2000 profit centers with week wise business figures for each week of last 5 years.Using this data I need to predict next week / month business figures for each profit center taking in account the seasonality. Which technique would be appropriate ? I have not used any technique other than regression for predicting continuous variable. I had a glance at ARIMA but not sure whether it would be appropriate. Is there any better technique so that I can go through it?

Thank for your time.

Balaji SR


Yes it appears that you need to use some class of ARMA models for forecasting.


you can use TBATS(Exponential State space model) in R.