Data Forecasting to Predict Future Trends
Timeline
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September 7, 2022Experience start
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September 15, 2022Students select projects and community partners are informed of a match.
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September 20, 2022Initial meeting between students and community partners
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November 1, 2022Preliminary report meeting
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November 29, 2022Final presentations
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December 10, 2022Experience end
Timeline
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September 7, 2022Experience start
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September 15, 2022Students select projects and community partners are informed of a match.
Students select projects and community partners are informed of a match.
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September 20, 2022Initial meeting between students and community partners
Community partners will meet with their student in class (either face to face or virtually) to discuss the data and project. Class date and time will be provided ahead of time (will likely be 1 hour).
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November 1, 2022Preliminary report meeting
Community partners will receive a mid-point preliminary report and will meet with their student team and the professor to discuss. This meeting will take place outside of class time.
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November 29, 2022Final presentations
Community partners are available for student team final presentations. Class date and time will be provided ahead of time. Final reports will be provided to the community partners.
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December 10, 2022Experience end
Experience scope
Categories
Data visualization Data analysisSkills
ux design data visualization data analysis researchNo-fee help to analyze time-related data to make future predictions and inform strategic decision-making.
Working with small teams, student consultant(s) in a third year Statistics course will work with organizations to design and complete a specified project over 13 weeks.
Learners
The community partner organization will receive their final project deliverable by the end of the fall 2022 term. This will include a report with a graph, identifying trends and predictions.
Project timeline
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September 7, 2022Experience start
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September 15, 2022Students select projects and community partners are informed of a match.
-
September 20, 2022Initial meeting between students and community partners
-
November 1, 2022Preliminary report meeting
-
November 29, 2022Final presentations
-
December 10, 2022Experience end
Timeline
-
September 7, 2022Experience start
-
September 15, 2022Students select projects and community partners are informed of a match.
Students select projects and community partners are informed of a match.
-
September 20, 2022Initial meeting between students and community partners
Community partners will meet with their student in class (either face to face or virtually) to discuss the data and project. Class date and time will be provided ahead of time (will likely be 1 hour).
-
November 1, 2022Preliminary report meeting
Community partners will receive a mid-point preliminary report and will meet with their student team and the professor to discuss. This meeting will take place outside of class time.
-
November 29, 2022Final presentations
Community partners are available for student team final presentations. Class date and time will be provided ahead of time. Final reports will be provided to the community partners.
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December 10, 2022Experience end
Project Examples
Requirements
Important to Note
Community partners will be required to provide recorded data ahead of time to Laura Sinclair, no later than Friday, August 5th, 2022.
- Data needs to include a minimum of 35 data points in sequential order
- Data should depend on time
Examples of Suitable Project Topics
· A retail business interested in forecasting inventory requirements to stock inventory to meet consumer demand
· A retail business looking to predict seasonal sales revenue
· A retail business interested in forecasting product sales in units sold each day for their store
· A restaurant interested in forecasting the number of visitors who sit down or take out food from their establishment
· A festival looking to forecast crowd numbers at certain times of the days
· An organization looking to predict the numbers of car accidents, injuries and fatalities in a specific city/province
· A transportation company interested in forecasting weather patterns to reduce the loss of vehicle hours due to weather-related congestion
· A healthcare organization interested in predicting disease progression to estimate mortality rate
· A business interested in predicting the trend of certain stocks to design a balanced portfolio
Additional company criteria
Companies must answer the following questions to submit a match request to this experience:
Community partners will be required to provide recorded data no later than August 30, 3022. - Data needs to include a minimum of 100 data points in sequential order - Data should depend on time
Availability to meet with your student consultant at least three times throughout the term
Prompt response when feedback is required (48 hours)
Available for final presentations.
Willingness to complete the following Google Form: https://forms.gle/rmwXEunydDFYaKnE6
Timeline
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September 7, 2022Experience start
-
September 15, 2022Students select projects and community partners are informed of a match.
-
September 20, 2022Initial meeting between students and community partners
-
November 1, 2022Preliminary report meeting
-
November 29, 2022Final presentations
-
December 10, 2022Experience end
Timeline
-
September 7, 2022Experience start
-
September 15, 2022Students select projects and community partners are informed of a match.
Students select projects and community partners are informed of a match.
-
September 20, 2022Initial meeting between students and community partners
Community partners will meet with their student in class (either face to face or virtually) to discuss the data and project. Class date and time will be provided ahead of time (will likely be 1 hour).
-
November 1, 2022Preliminary report meeting
Community partners will receive a mid-point preliminary report and will meet with their student team and the professor to discuss. This meeting will take place outside of class time.
-
November 29, 2022Final presentations
Community partners are available for student team final presentations. Class date and time will be provided ahead of time. Final reports will be provided to the community partners.
-
December 10, 2022Experience end