Description

About the course

This training program gets the professional up and running with a set of procedures for analyzing time series data. Acquire the knowledge about the ways to forecast, by using a variety of models, including exponential smoothing, regression, and ARIMA, which take into account different combinations of trend as well as seasonality. This program will be covering the Expert Modeler features, which is designed to automatically select the best fitting exponential smoothing or ARIMA model, but the professionals will also be learning the ways to specify their own custom models, as well as the ways to identify ARIMA models by themselves, with the help of a variety of diagnostic tools such as time plots and autocorrelation plots.

 

 

Radiant Techlearning offers the Introduction to Time Series Analysis Using IBM SPSS Modeler (v18.1.1) training program in Classroom & Virtual Instructor Led / Online mode.

 

 

Duration: 1day

 

 

 

Learning objective

  • Introduction to time series analysis
  • Automatic forecasting with the Expert Modeler
  • Measuring model performance
  • Time series regression
  • Exponential smoothing models
  • ARIMA modeling

Pre-requisites

  • Gather familiarity with creating, editing, opening, and saving streams by using IBM SPSS Modeler environment.
  • It is recommended to have a general knowledge of regression analysis, but is not necessary.

 

Audience for the course

This training program is designed for: 

  • Business Analyst.
  • Data Scientist.
  • Professionals those who are curious about getting up to speed quickly and efficiently with the help of the IBM SPSS Modeler forecasting capabilities.

Course content

Introduction to time series analysis

  • Explain what a time series analysis is
  • Describe the ways in which the time series models work
  • Describe the main principles, required behind a time series forecasting model

 

Automatic forecasting with the Expert Modeler

  • Examine fit and error
  • Examine unexplained variation
  • Examine how the Expert Modeler chooses the best fitting time series model

 

Measuring model performance

  • Discuss various ways to evaluate model performance
  • Evaluate model performance of an ARIMA model
  • Test a model using a holdout sample

 

Time series regression

  • Use regression to fit a model with trend, seasonality and predictors
  • Handling predictors in time series analysis
  • Detect and adjust the model for autocorrelation
  • Use a regression model to forecast future values

 

Exponential smoothing models

  • Types of exponential smoothing models
  • Create a custom exponential smoothing model
  • Forecast future values with exponential smoothing
  • Validate an exponential smoothing model with future data

 

ARIMA modeling

  • Explain what ARIMA is
  • Learn how to identify ARIMA model types
  • Use sequence charts and autocorrelation plots to manually identify an ARIMA model that fits the data
  • Check your results with the Expert Modeler

FAQs

Q: What does SPSS Modeler do?

 

A: SPSS Modeler is a leading visual data science as well as machine learning solution. Foremost organizations worldwide depend on IBM for data preparation as well as discovery; predictive analytics, model management as well as deployment, as well as machine learning for monetize data assets

 

Q: Is IBM SPSS Modeler free?

 

A: SPSS Modeler available for free for educational usage

 

Q: What is the difference between SPSS Statistics and Modeler?

 

A: SPSS Modeler delivers data mining as well as text analysis software, while SPSS Statistics is an integrated family of products. Both tools allow users to build predictive models as well as implement other analytics tasks. Modeler can apply different processes as well as algorithms to help the user discover information hidden in the data.

 

Q: Why do we need SPSS?

 

A: SPSS (Statistical package for the social sciences) is the set of software programs that are merged together in a single package. The basic application of this program is to analyze scientific data associated with the social science. This data can be utilized for market research, surveys, data mining, etc.

 

Q: What are Arima models used for?

 

A: An autoregressive integrated moving average, or ARIMA, is a statistical analysis model that utilizes time series data to either better understand the data set or to predict future trends

 

Q: Is SPSS better than excel?

 

A: Though Microsoft Excel as well as SPSS has a similar look as well as feel, with menus, spreadsheets also built-in statistical functions, SPSS is a clear winner when it comes to data analysis, as this software is especially created for statistics

 

Q: Where is Radiant Techlearning Located?

 

A: Radiant Techlearning is headquartered in Electronic city & technology hub of Nothern India, Noida, which is surrounded by several large multinational, medium & small Software companies. 

We have our offices located all across the country and partners across the globe.  

 

Q: What is the benefit of doing training from Radiant Techlearning?

 

A: Radiant Techlearning is receptive to new ideas and always believes in a creative approach that makes learning easy and effective. We stand strong with highly qualified & certified technology Consultants, trainers and developers who believe in amalgamation of practical and creative training to groom the technical skills.

Our training programs are practical oriented with 70% – 80% hands on the training technology tool.  Our training program focuses on one-on-one interaction with each participant, latest content in curriculum, real time projects and case studies during the training program. 

Our experts will also share best practices & will give you guidance to score high & perform better in your certification exams. 

To ensure your success, we provide support session even after the training program. 

You would also be awarded with a course completion certificate recognized by the industry after completion of the course & the assignment.

 

Q: How do you ensure the quality of training program?

 

A: Radiant has highly intensive selection criteria for Technology Trainers & Consultants, who deliver you training programs. Our trainers & consultants undergo rigorous technical and behavioral interview and assessment process before they are on boarded in the company. 

Our Technology experts / trainers & consultant carry deep dive knowledge in the technical subject & are certified from the OEM.

Our training programs are practical oriented with 70% – 80% hands on the training technology tool.  Our training program focuses on one-on-one interaction with each participant, latest content in curriculum, real time projects and case studies during the training program. 

Our faculty will provide you the knowledge of each course from fundamental level in an easy way and you are free to ask your doubts any time from your respective faculty.

Our trainers have patience and ability to explain difficult concepts in simplistic way with depth and width of knowledge.

To ensure quality learning, we provide support session even after the training program. 

 

Q: What if I/we have doubts after attending your training program?

 

A: Radiant team of experts would be available on the email Support@radianttechlearning.com to answer your technical queries, even after the training program.

We also conduct a 3 – 4 hours online session after 2 weeks of the training program, to respond on your queries & project assigned to you.  

 

Q: If I face technical difficulty during the class what should I do?

 

A: Technical issues are unpredictable and might occur with you as well. Participants have to ensure that they have the system with required configuration with good internet speed to access online labs.  

 

 

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