Hey Egor, is there any advantage in using ETS model over an Holt Winters Model? From what I understood the ETS is just a simpler version of the Holt Winters, is that correct? Thanks for the content!
Holt Winters is a form of ETS. ETS is basically exponential smoothing and Holt Winters is referred to as triple exponential smoothing with level, trend and seasonality. Hope that makes sense!
Once you feel confident about Holt's Winter values and its overlap with test --- how can you use it further to make a future forecast ?
Hey I don't understand the question, the test set is an example of using the model for future forecasts?
hey can you please include what is mathmatical calculation for y cap of known data
I dont understand, y_cap is the the forecasted value, its not known data
Hey Egor, is there any advantage in using ETS model over an Holt Winters Model?
From what I understood the ETS is just a simpler version of the Holt Winters, is that correct?
Thanks for the content!
Holt Winters is a form of ETS. ETS is basically exponential smoothing and Holt Winters is referred to as triple exponential smoothing with level, trend and seasonality. Hope that makes sense!
nice vid bro
Thanks!