Introducing the business scenario
Imagine being a business analyst who works for the state of Iowa. The state monitors the retail distribution of liquors and spirits by collecting data from every shop in the territory. Controlling liquor sales is particularly important for monitoring citizen health and for checking tax income.
In the following screenshot, you can see a picture of typical shelves of liquors and spirits in a shop:
For our business scenario, we can imagine that the state of Iowa wants to predict the number of liters that will be sold in the first 30 days of 2020 leveraging the historical data collected in the previous years.
Your manager may ask you to predict the number of liters that will be sold by all the shops in the state by leveraging the time series data that was already collected in the database.
As a business analyst, your job is to find the best algorithm to forecast the sales...