1. Time Series and Forecasting Chapter 16 2. Goals Define the components of a time series Compute moving average Determine a linear trend equation Compute a trend equation…
1. IBS StatisticsYear 1Dr. Ning DING [email protected] 2. What we are going to learn?Review 3. Chapter 16: 4. Define the components of a time series 5. Compute a moving…
Slide 13-1 Technology Forecasting Learning Objectives List the elements of a good forecast. Outline the steps in the forecasting process. Describe at least three qualitative…
3-1 Linear Trend Equation ▪ Ft = Forecast for period t ▪ t = Specified number of time periods ▪ a = Value of Ft at t = 0 ▪ b = Slope of the line Ft = a + bt 0 1 2…
1.William J. StevensonOperations Management 8 thedition2. CHAPTER 3 Forecasting McGraw-Hill/Irwin Operations Management, Eighth Edition, by William J. Stevenson Copyright…
Forecasting MBA/510 Objectives Describe the use of time series analysis and forecasting in making business decisions Apply time series analysis and forecasting Much like…