YouTube Video Review: Holt Winters Model — Easiest Time Series Model

Time series analysis and forecasting are an important part of machine learning. These areas of machine learning are important because there are so many prediction problems that involve a time component. It is because time series analysis and forecasting are distinctive disciplines in their own right, entire libraries have been devoted to this genre. Statsmodels, in particular, is a library in Python that is devoted to statistical computing, with time series analysis and forecasting being a major part of the functions it provides to carry out these operations.

I personally have found that the documentation of statsmodels is not very user friendly and, as a consequence, I have scoured the internet in search of example code to help me in my data science projects involving this library. Imagine my satisfaction, therefore, when I came across a YouTube video that discussed the subject of one statsmodels time series analysis function, being the Holt Winters model. I watched the video and experimented with some of the code, which prompted me to decide to write a review of it:-

Time series forecasting is a very common task that people will come across of they are working in the field of data science.

Holt Winters method is better than many other complex time series models. It is easy to…