sales forecasting for multiple merchants #1333
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amroghoneim
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Q&A - forecasting best practices
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Hello!
I have monthly sales data for multiple merchants using our online payment service.
I want to forecast next month's sales per merchant.
What I have tried to do so far is to come up with features related to time of year/quarter/holidays as well moving averages.
I try these features along with the linear component.
The results are satisfying for some merchants and the complete opposite for others, where I see cases where the model overshoots the actual month sales by a considerable margin, I see it also sometimes failing to capture the seasonality.
What is the best way to approach this problem? and what is the recommended minimum number of months I should have for good forecasting given monthly data?
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