chapter03_ls

# chapter03_ls - Lecture Suggestions - Chapter 3 Example 1:...

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Lecture Suggestions - Chapter 3 Example 1: Moving Average 1. clear the data and re-enter to demonstrate entering data. 2. Use the spinner button (upper left hand corner of the template) to set the number of periods used in period and to demonstrate that each forecast is simply the previous actual data point, i.e. this is the naive forecasting method and there is no smoothing. 3. points by using the spinner button below the graph to set the period and using the cursor to point to the forecast and the actual data points on the graph. 4. point on the graph) that each forecast is the average of the previous 3 actual data points. 5. Finally, use the spinner button to step back to Periods=2 and then back to Periods=1, showing that and more for the unsmoothed (naïve) forecast. This comparison is somewhat limited by the small number of data points. Example 3: Exponential Smoothing 1. 2. results in using the first forecast for all forecasts, i.e. "complete" smoothing. 3.

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## This note was uploaded on 04/21/2011 for the course MGT 02 taught by Professor Gad during the Spring '11 term at Tanta University.

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chapter03_ls - Lecture Suggestions - Chapter 3 Example 1:...

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