Computer Science Homework Help

Time series algorithms are great for  forecasting when a time component is involved. It could be used to see  how economics will evolve over time. Make use of both time-series  algorithms and those that predict credit card fraud. 

What are the pros of time-series forecasting and compare Auto Regressive Integrated Moving Average (ARIMA) and Holt-Winters?  

What are the cons of time-series forecasting?  

• Describe a personal experience where Holt-Winters may have been applicable.  
• What is a common algorithm that can be used to categorize and predict credit card fraud and is it used?