From the course: Introduction to Business Analytics
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Use AI to forecast business outcomes
From the course: Introduction to Business Analytics
Use AI to forecast business outcomes
You don't need to be a machine learning expert to start forecasting business outcomes. In this lesson, I'll show you how to use a pre-trained AI model like ChatGPT to make quick, actionable predictions based on your existing data. At Sipwise, the fictional ecommerce coffee brand, imagine you want to forecast the next six months of revenue. You'll use 18 months of historical revenue and feed it into ChatGPT. The goal is not perfection, but to create a useful, explainable trend that can guide planning for marketing, inventory, and staffing. To do this, you can leverage scikit-learn, a widely used Python library for statistics and machine learning. ChatGPT will produce and even run the Python code needed to use this powerful machine-learning library-- no Python knowledge required. First, review the exercise file for this lesson. 04_02_sipwise_revenue_historical. You'll see you have 18 months of Sipwise’s revenue, which comes from a mix of subscriptions and one-time purchases. Now upload…
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