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* * * * * * * Please use recent data . . . . What Is Your Prediction?A time series model is a forecasting
Please use recent data What Is Your Prediction?A time series model is a forecasting technique that attempts to predict the future values of a variable by using only historical data on that variable. There are many variables you can use, as long as you have values that are recorded at successive intervals of time. Here are some examples of variables you can use to forecast.Currency price: XE Currency ConverterGross national product: Trading EconomicsAverage home sales: National Association of RealtorsCollege tuition: National Center for Education StatisticsWeather temperature or precipitation: Weather.govStock price: Yahoo FinanceMain Post:Select a dataset with a variable you would like to forecast. You may use a different source other than the ones listed above be sure to reference the websiteState the variable you are forecasting.Select at least eight consecutive data values.Using the Time Series Forecasting templates, determine the following for the selected variable:moving average Moving Averages Worksheet weighted moving average Weighted Moving Averages Worksheet and exponential smoothing Exponential Forecasting Workbooksee the video in the Unit LiveBinder for additional information Copypaste the results of each method into your post. Be sure to state:the number of periods used in the moving average method,the weights used in the weighted moving average, andthe value of used in exponential smoothing.Clearly indicate the "next period" prediction for each method.Choose one of the following:Write a sentence that identifies the prediction.Circle, draw, etc. on the chart to indicate which value is theprediction for the next time period.
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