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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1453 |
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Historical analogy ties what is being forecast to a similar item, plan new product where a forecast may be derived by using the history of a similar product. Delphi method is when a group of experts respond to a questionnaire, there is a learning process for the group as it receives new information and there is no influence of group pressure or dominating individuals...
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Under time series are Simple moving average, Weighted moving average, Exponential smoothing, Regression analysis, Box Jenkins technique, Shiskin time series and Trend projections. Simple moving average is a time period containing a number of data points is averaged by dividing the sum of the point values by the numbers of points...
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