 | Learning Objectives
(See related pages)
After studying this chapter, you should be able to:
- Differentiate between qualitative and quantitative methods of forecasting.
- Carry out a trend analysis in time series data.
- Identify seasonal and cyclical patterns in time series data.
- Forecast using simple and weighted moving-average methods.
- Forecast using the exponential smoothing method.
- Forecast when the time series contains both trend and seasonality.
- Assess the efficiency of forecasting methods using measures of error.
- Make forecasts using templates.
- Compute index numbers.
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