Forecasting Beer Production Using Time Series Analysis

When facing a business question, it’s important to put thought into the problem, try to understand what data is needed for your analysis, try different techniques to arrive at an answer, and be prepared to fail.

Most analyses don’t lead to a crisp answer the first time. Iteration is key.

Watch this lecture, led by Dan Trepanier, Faculty Director at SCU, as he looks at a beer production dataset to help you:

• understand the nature of the data
• understand trends, seasonality, and cyclicality of beer consumption and production
• come up with a model to predict beer production over a 3 year horizon