Forecasting

Jan 25, 2011  |  Articles

Multiple Regression: Approaches to Forecasting : A Tutorial

Multiple Regression Advanced techniques can be used when there is trend or seasonality, or when other factors (such as price discounts) must be considered. What is Multiple Regression? Resulting Forecast Model Comparing Multiple Regression Model Results against Historic Demand h2. […]

Jan 25, 2011  |  Articles

Measuring Forecast Accuracy: Approaches to Forecasting : A Tutorial

Measuring Forecast Accuracy How Do We Measure Forecast Accuracy? Measures of Forecast Accuracy Mean Forecast Error (MFE) Mean Absolute Deviation (MAD) Tracking Signal Other Measures How Do We Measure Forecast Accuracy? Used to measure: Forecast model bias Absolute size of […]

Jan 25, 2011  |  Articles

Single Regression: Approaches to Forecasting : A Tutorial

Single Regression Advanced techniques can be used when there is trend or seasonality, or when other factors (such as price discounts) must be considered. What is Single Regression? EXAMPLE: 16 Months of Demand History EXAMPLE: Building a Regression Model to […]

Jan 25, 2011  |  Articles

Double Exponential Smoothing: Approaches to Forecasting : A Tutorial

Double Exponential Smoothing What Is Double Exponential Smoothing? Time Series with Trend: Double Exponential Smoothing h2. What Is Double Exponential Smoothing? ‚Ķlike regular exponential smoothing, except includes a component to pick up trends. Time Series with Trend: Double Exponential Smoothing […]

Jan 25, 2011  |  Articles

Exponential Smoothing: Approaches to Forecasting : A Tutorial

Exponential Smoothing What is Exponential Smoothing? Exponential Smoothing Forecaset with a = .3 h2. What is Exponential Smoothing? A type of weighted moving averaging model Part of many forecasting packages; ideal for developing forecasts of lots of smaller items Needs […]

Jan 25, 2011  |  Articles

Time Series Models: Approaches to Forecasting : A Tutorial

Time Series Models Time Series Models Time Series Components of Demand… Basic Idea Behind Time Series Models Moving Average Models Table of Forecasts & Demand Values… … and Resulting Graph What Are Time Series Models Quantitative forecasting models that use […]