Stable time - PowerPoint PPT Presentation

FORCASTING

PART TWO. FORCASTING. Chapter Three Forecasting. Chapter 3. Forecasting. FORECAST: A statement about the future Used to help managers Plan the system Plan the use of the system. Uses of Forecasts. I see that you will get an A this semester. Assumes causal system past ==&gt; future

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BUS 173 Lecture 11

BUS 173 Lecture 11. Simple Moving Averages. Simple Average Advantage? Disadvantage? Regression Advantage? Disadvantage? Deviation MAD/MAPE MSE. Covered in Last Class. Conditions Stable time series (No significant trends) Good for short-range forecasts Two forms

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