SSAS Data Mining - Time Series Algorithm

At TechEd 2013, I attended a few sessions on the topics of Data Mining and Predictive Analytics. I thought I'd try out the data mining functionality in SSAS using warranty data from a data mart to predict the quantities of failed parts over the next few months. To accomplish this, I created a Data Mining structure in SSAS using the Microsoft Time Series Algorithm. This is my first attempt at data mining, so I thought I'd write a blog post to document what I've learned so far.