The MineThatData Forecasting Challenge: Solution #1

The first solution comes to us from Zlatka Staykova and Bill Bass. Click here to read their report, which is well written and identified a challenge in the dataset that needed to be discovered.

Here is the three month result (rolling 12 month demand):

• Month 80 = $81.9 million.
• Month 81 = $81.3 million.
• Month 82 = $80.5 million.

Here is their three month forecast:

• Month 80 = $81.7 million.
• Month 81 = $81.5 million.
• Month 82 = $81.3 million.

Here is their "squared error":

• 0.7 Trillion.

Solution #2 is tomorrow - we'll see how this solution compares!