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I want to coduct a forecast analysis on my dataset. Some insights into the dataset:

  • I have 10 Products each having a specific Id Number. These numbers are random and dont have any pattern.
  • Each product has data starting from the year 2016 till 2018 for each month. So, 36 Observation Points for each product.

All these products are present in a single dataset in the column format and a total of 300 rows (certain products have missing data):

Column names: Prod_Id Year Month Sales_data

Would appreciate a guidance on the optimal approach that can be taken?

I am thinking of the following:

  • Create a new vector with the unique Product_Ids and use its length to create a Loop
  • Perform the forecast Analysis for one of the products and contain it in a Loop for other variables.

I am absolutely new to R and would appreciate any help/suggestions.

Dataset with more than one variable to be forecasted

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it is very difficult to give an answer without a glimpse of your data, but here is my approach:

Inside your loop

  1. Create a time series ts for the data of each product: myts <- ts(mydata_for_product_i, start=c(2016, 1), end=c(2018, 12), frequency=12)
  2. Apply your forescast analysis to each mytsinside the loop and store them in a list.

A fancier way to do would be using fuctions oof the apply family, but without having the structure of your data I cannot produce any code I am sure to work

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  • $\begingroup$ Hey, thanks a lot! I am attaching a sample dataset. Here you can see only 2 product Id. But in the actual dataset I have many more. Also, please note, certain month's values are missing for each product. For example Product_id 10 has missing values for 2017, month 3 to 5. $\endgroup$ – user10579790 Feb 11 at 10:21

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