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Time Series Forecasting: The dataset provided captures electricity production from 1985 to 2017. You are tasked with building a forecasting model to forecast electricity production.
Time Series Forecasting:
The dataset provided captures electricity production from 1985 to 2017. You are tasked with building a forecasting model to forecast electricity production.
- Given the data, perform a linear regression model, with the date as the order, and report the R-Squared and the RMSE. Plot your regression line against the actual values.
- Given the data find the moving averages (MA) 5, 10, and 15 days and perform a pairwise correlation analysis between each MA and the parameter we are trying to forecast.
- Given the data find the 10 previous lag values and perform a pairwise correlation analysis between each lag and the parameter we are trying to forecast.
- Given the dataset and the parameters generated in the previous steps, Find the best combination of parameters that will give you the best RMSE and R-Squared.
- Plot your best model's prediction against actual values.
- Explain how you would know if your model is overfitting and how would you avoid it.
https://drive.google.com/file/d/16mvYE5KAgi__NukmiMkWu4dpAYY1wiRi/view?usp=sharing
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