Predictive Analysis

Gurus,

I have come up with the below requirement. The objective is as below. The reason why I am putting this example is because I want to understand how the Predictive analysis works. I want to understand how such scenarios can be handled? How to decide which nodes to use and why? What all things we need to consider while performing such predictions.

My example takes in the expenses I made every month till May 2014. I have my expenses figures for rest of the months which have gone by and the future months like Oct, Nov, Dec, Jan - 2015,Feb 2015 I want to predict. I want this time frame to be dynamic like if I want to predict till Feb 2015 at some point of time and later want to predict my expenses till Jun 2015 then I must be allowed to do so with minimum change. My expenses are also dependent on various factors, like shopping, movies, party with friends, etc. I can tell the impact of these in percentage or figure while predicting my expenses for future. Like I am expecting that 5% of my expense will be on shopping for June 2014.

Year

Month

Sum

Year_Month

2013

4

125

2013_4

2013

5

232

2013_5

2013

6

154

2013_6

2013

7

476

2013_7

2013

8

243

2013_8

2013

9

373

2013_9

2013

10

124

2013_10

2013

11

278

2013_11

2013

12

299

2013_12

2014

1

346

2014_1

2014

2

474

2014_2

2014

3

168

2014_3

2014

4

255

2014_4

2014

5

378

2014_5

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Cheers!!

Thanks in Advance. Please help.

 

Dear Sudeep,

I found this thread 4 times. Could you help me finding the correct one or is there a reason you posted this multiple times. If not I would delete the others.

Sorry for the inconvenience, Iris