ppt课件-timeseries-californiastateuniversity,sacramento.pptVIP

Time Series “The Art of Forecasting” Learning Objectives Describe what forecasting is Explain time series its components Smooth a data series Moving average Exponential smoothing Forecast using trend models Simple Linear Regression Auto-regressive What Is Forecasting? Process of predicting a future event Underlying basis of all business decisions Production Inventory Personnel Facilities Forecasting Approaches Used when situation is vague little data exist New products New technology Involve intuition, experience e.g., f