I have a question on ARIMA Time Series model.
It is Hospitality industry historical booking data. If a customer make a booking, then Type = 'Booking'; If a customer cancelled the booking, then Type = 'Cancel'. And its original 'Booking' disappears.
Demand forecasting model uses ARIMA Time series model, and it uses historical demand as input only where Type = 'Booking' (Not using cancellation) Does it mean the output for demand forecatsing only inlude pure 'Booking' not 'Cancelation'?
Thank you for your reply! Sorry I didn't explain very clearly.
In my situation, if a customer booked and then canncelled, the row of 'Booking' disappears and a new row of 'Cancel' comes out.
If I just used 'Booking' as input, shall I assume my output for demand forecasting will only include 'Booking' part that already excludes cancellations if the model is good.
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