Write a report on the application of all the forecasting
methods.(regression,time series decomposition and exponential
smoothing,ARIMA models
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Write a report on the application of all the forecastingmethods.(regression,time series decomposition and exponentialsmoothing,ARIMA models
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ALL TYPE OF FORECASTING METHODS Forecasts serve as decision support tools that allow leaders to plan for the future by performing whatif analyses to determine how changes in inputs affects outcomes For example forecasts help a business identify appropriate responses to changes in demand levels pricecutting by the competition economic ups and downs and more To receive the greatest benefit from forecasts leaders must understand the finer details of the different types of forecasting methods recognize what a particular forecasting method type can and cannot do and know what forecast type is best suited to a particular need 1 Naive Forecasting Methods The nave forecasting
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