In recent years, the rapid progress of technology in mining data has made it easier for businesses to decode and formulate strategies in handling customer fluctuations.
When it comes to starting a new fast-food chain, what is the primary concern? The location, of course. There has been so many small scales and large scale businesses that have come and gone – disappeared into oblivion, owing to their location.
Statistics of daily sales of Product: music videos. mean value of daily sales amount is 60.5 From standard normal distribution some of daily sales amount up to $160!
Outlier in sales value that is abnormally high or low compared to the values in the sales time series. They can lead to inaccurate forecasts, we have to build a system that can automatically detect outliers and ignore them during forecast calculation.
