Add Papers Marked0
Paper checked off!

Marked works


Viewed works

Shopping Cart0
Paper added to shopping cart!

Shopping Cart

Register Now

internet library library

Great deal: today with a discount!

Regular price:
You save:
0,56 (14%)
Discounted price*:
Add to Wish List
ID number:353349
Published: 14.07.2020.
Language: English
Level: College/University
Literature: n/a
References: Not used

It shows company’s demands (thousands of units) over last 6 years. Data are shown on quarterly basis. The company’s management wants to forecast demand for the following years.
Forecasting methods.
There are multiple forecasting methods that can be used in forecasting. Here I use three different methods – one is simple moving average, another is weighted moving average and the last is exponential smoothing method.
Moving average calculations
In both methods forecast for period t + 1 is calculated using previous n observations and taking average value or weighed average value. Number n is chosen by researcher or analyst. Forecast is calculated for the whole period (for years where values that are already observed) and for the future values (forecast).
Using simple moving average simply average value is calculated, while in weighted moving average weighted moving averages is calculated using some predefined weights.
So, to make calculations we take n = 3 and do calculation to find forecasting value for year 2008.

Author's comment
Load more similar papers

Send to email

Your name:

Enter an email address where the link will be sent:

{Your name} suggests you to check out this paper on „Forecasting Methods”.

Link to paper:


Email has been sent

Choose Authorization Method

Email & Password

Email & Password

Wrong e-mail adress or password!
Log In

Forgot your password?


Not registered yet?

Register and redeem free papers!

To receive free papers from it is necessary to register. It's quick and will only take a few seconds.

If you have already registered, simply to access the free content.

Cancel Register