Part III discusses how to determine if your forecast is better than what is known as a naive forecast, in other words, using today's price in this case to forecast tomorrow. This video is a continuation of Part I and covers two additional common methods of forecasting stationary time series: Weighted Moving Average and Single Exponential Smoothing. If you are not familiar with time series forecasting it will be helpful to watch Part I which also discusses the calculation and interpretation of common error measures used in forcasting. Part I can be found here and discusses moving averages, calculation and interpretation. This is the second part in a series on forecasting. This is a video demonstration of Excel weighted moving average and single exponential smoothing forecasting. For versions of Excel: Excel for Office 365, Excel for Office 365 for Mac, Excel 2016, Excel 2016 for Mac, Excel 2013, Excel 2011 for Mac, Excel 2010, Excel 2008 for Mac, Excel 2007
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |