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R: Recipes for Analysis, Visualization and Machine Learning
book

R: Recipes for Analysis, Visualization and Machine Learning

by Viswa Viswanathan, Shanthi Viswanathan, Atmajitsinh Gohil, Chiu Yu-Wei
November 2016
Beginner to intermediate
959 pages
43h 46m
English
Packt Publishing
Content preview from R: Recipes for Analysis, Visualization and Machine Learning

Smoothing and forecasting using the Holt-Winters method

The stats package contains functionality for applying the HoltWinters method for exponential smoothing in the presence of trends and seasonality, and the forecast package extends this to forecasting. This recipe addresses these topics.

Getting ready

If you have not already downloaded the files for this chapter, do it now and place them in your R working directory. Install and load the forecast package.

How to do it...

To apply the HoltWinters method for exponential smoothing and forecasting, follow these steps:

  1. Read the data. The file has monthly stock prices from Yahoo! Finance for Infosys between March 1999 and January 2015:
    > infy <- read.csv("infy-monthly.csv")
  2. Create the time series object: ...
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Publisher Resources

ISBN: 9781787289598Purchase Link