Soft Commodity Tool: Time Series Forecasting On Seasonal Data
Data is a new oil to the world that enables a soft commodity tool to forecast upcoming events by processing historical data. This tool uses time series forecasting techniques to transform seasonal data values into business intelligence dashboards. These visualizations (Charts, Graphs, Dashboards) help stakeholders to draw valuable insights by building intuition with data points. Anyhow, let’s understand what the phrase “soft commodities” means and how their accessibility impacts the common man's lifestyle. What are Soft Commodities? The term “Soft Commodities” refers to goods or things that people can exchange for their regular life consumption and grown through agriculture like wheat, maize, rice, cereals, etc. These soft commodities are consumed by living things with merely aiming to get energy. It’s hard to predict their prices, supply, and demand day-to-day. Therefore soft commodity tools are used. Soft Commodities Tool for Time Series Forecasting The time series foreca...