Revenue forecasting with linear methods. This post highlights linear regression techniques on time series data. We have some weekly sales data from a small business that is expected to have seasonal trends. A bike rental business in a major tourist city. Let’s dive into the data. Load up the required packages.
suppressPackageStartupMessages({ library(forecast) }) Load the data, we have two columns with weekly revenue numbers from two different sources. Online and Phone; these correspond to sales online and via phone call to the business.
