Slide 1 Forecasting Slide 2 Chapter Objectives Be able to: Discuss the importance of forecasting and identify the most appropriate type of forecasting approach, given…
Welcome to MM305 Unit 5 Seminar Prof Greg Forecasting What is forecasting? An attempt to predict the future using data. Generally an 8-step process Why are you forecasting?…
Lecture 13 Forecasting Methods for Time Series Data Introduction • Time-series data are data gathered on a single unit (person, firm, etc.) over a sequence of time periods.…