Weekly Objectives:
- Explain the purpose and strategic importance of forecasting.
- Solve forecasting problems related to time series forecasting models (moving averages, exponential smoothing, linear trend line projection, and seasonality).
- Calculate and interpret forecasting error.
Please see the videos below that may assist with understanding some of the concepts from this week. Included at the bottom of the page is the spreadsheet used to demonstrate each of the tasks.
To see the spreadsheet used in these videos along with additional practice problems and their solutions, please download here.