Question: Select a dataset with a variable you would like to forecast with a reference for what you are choosing. State the variable you are forecasting.
Select a dataset with a variable you would like to forecast with a reference for what you are choosing.
State the variable you are forecasting.
Select at least eight consecutive data values.
Using a Time Series Forecasting templates, determine the following for the selected variable:
moving average
weighted moving average and
exponential smoothing. Copypaste the results of each method into your post. Be sure to state:
the number of periods used in the moving average method,
the weights used in the weighted moving average, and
the value of alpha used in exponential smoothing.
Clearly indicate the "next period" prediction for each method.
Choose one of the following:
Write a sentence that identifies the prediction.
Circle, draw, etc. on the chart to indicate which value is the prediction for the next time period.
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