Im a newbie for both analytics and this forum So, if this isnt the right place to post then, please move it to the respective section.
Lets say, I have the following historical dataset (4+ years) and would like to forecast the future trend (for 2 years).
I would like to predict the future trend of both used and capacity for each country for 24 months.
I followed this wonderful article and got the basic idea of forecasting with ARIMA.
- Im not really sure, whether it can work with multiple variables at a time.
- More over, is ARIMA the right fit for the problems like these ?
- Should I model each country individually and predict them ?
I appreciate any pointers for solving this problem.