Over the last several weeks, we have looked at forecasting from a variety of angles. We have looked at why it's important, how it is calculated, and how to determine it's accuracy. Topics we have looked at include:
- Introduction to Time Series
- Naive Method
- Moving Averages: Part I / Part II
- Exponential Smoothing: Part I / Part II
- Forecasting Error
- Trend Projection
- Linear Regression
All of these are important areas to look at. I hope that this series looking into forecasting has been informative, especially in regards to sales and demand. I may return to the subject of forecasting in the future once I have more knowledge and experience. Thank you for taking this journey with me. The business world can be stormy. However, a handy and accurate forecast can help financial analysts and project managers predict trouble in advance, and help businesses steer into safer harbors.
Thanks again for learning about forecasting with me.
-------Sincerely, Trevor Stasik.
To return to initial post about forecasting, click HERE.
Demand, Forecasting, Business, Financial Analysis