System and method to facilitate yearly inventory forecasting for network-based entities
A system and method to facilitate inventory forecasting of network traffic for a network-based entity are described. In one example, the method includes preprocessing historical data to obtain processed average data, applying modeling and forecasting techniques to the processed average data using a seasonal auto-regressive integrated moving average process to obtain forecasting results, and combining the forecasting results to output combined forecasting data, wherein the combining the forecasting results comprises receiving and storing yearly forecast results. In one implementation, the historical data is normalized by weekly average to obtain normalized data. In another implementation, trend and seasonality are removed from a set of processed data to obtain stationary data. In yet another implementation, yearly forecast results are received and stored.
1. A computer implemented method of facilitating inventory forecasting of network traffic for a network-based entity, the method comprising:
preprocessing, in a computer, historical data to obtain processed average data;
applying, using a computer, modeling and forecasting techniques to the processed average data using a seasonal auto-regressive integrated moving average process to obtain forecasting results; and
combining, in a computer, the forecasting results to output combined forecasting data, wherein the combining the forecasting results comprises receiving and storing yearly forecast results.
2. The method of claim 1 , wherein the applying modeling and forecasting techniques further comprises normalizing the historical data by weekly average to obtain normalized data.
3. The method of claim 2 , wherein the applying modeling and forecasting techniques further comprises modeling and removing trend and seasonality from the normalized data to obtain stationary normalized data.
4. The method of claim 3 , wherein the applying modeling and forecasting techniques further comprises forecasting the stationary normalized data using a seasonal auto-regressive integrated moving average weekly process to obtain weekly forecast results.
5. The computer implemented method of claim 1 , wherein the applying modeling and forecasting techniques comprises modeling and removing trend and seasonality from a set of processed data to obtain stationary data.
6. The method of claim 5 , wherein the applying modeling and forecasting techniques further comprises forecasting the stationary data using a seasonal auto-regressive integrated moving average process.
7. The method of claim 1 , wherein the combining the forecasting results further comprises receiving and storing weekly forecast results.
8. The method of claim 7 , wherein the combining the forecasting results further comprises combining the yearly and weekly forecast results to obtain aggregated forecasting data.
9. A computer system for facilitating inventory forecasting of network traffic for a network-based entity, the computer system comprising:
a processor and memory;
an execution module for executing instructions comprising:
preprocessing historical data to obtain processed average data;
applying modeling and forecasting techniques to the processed average data using a seasonal auto-regressive integrated moving average process to obtain forecasting results; and
combining the forecasting results to output combined forecasting data, wherein the combining the forecasting results comprises receiving and storing yearly forecast results.
10. The computer system of claim 9 , wherein the applying modeling and forecasting techniques further comprises normalizing the historical data by weekly average to obtain normalized data.
11. The computer system of claim 10 , wherein the applying modeling and forecasting techniques further comprises modeling and removing trend and seasonality from the normalized data to obtain stationary normalized data.
12. The computer system of claim 11 , wherein the applying modeling and forecasting techniques further comprises forecasting the stationary normalized data using a seasonal auto-regressive integrated moving average weekly process to obtain weekly forecast results.
13. The computer system of claim 9 , wherein the applying modeling and forecasting techniques comprises modeling and removing trend and seasonality from a set of processed data to obtain stationary data.
14. The system of claim 13 , wherein the applying modeling and forecasting techniques further comprises forecasting the stationary data using a seasonal auto-regressive integrated moving average process.
15. The computer system of claim 9 , wherein the combining the forecasting results further comprises receiving and storing weekly forecast results.
16. The computer system of claim 15 , wherein the combining the forecasting results further comprises combining the yearly and weekly forecast results to obtain aggregated forecasting data.
17. A computer readable storage medium carrying one or more instructions for facilitating inventory forecasting of network traffic for a network-based entity, wherein the one or more instructions, when executed by one or more processors, cause the one or more processors to perform the steps of:
preprocessing historical data to obtain processed average data;
applying modeling and forecasting techniques to the processed average data using a seasonal auto-regressive integrated moving average process to obtain forecasting results; and
combining the forecasting results to output combined forecasting data, wherein the combining the forecasting results comprises receiving and storing yearly forecast results.
18. The computer readable medium of claim 17 , wherein the applying modeling and forecasting techniques further comprises normalizing the historical data by weekly average to obtain normalized data.