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Using the datasheet below on the Gross National Product State the forecasting variable. Select at least eight consecutive data values. Using Time Series Forecasting determine
- Using the datasheet below on the Gross National Product
- State the forecasting variable.
- Select at least eight consecutive data values.
- Using Time Series Forecasting determine the following for the selected variable:
- moving average
- weighted moving average
- exponential smoothing
- the number of periods used in the moving average method,
- the weights used in the weighted moving average, and
- the value of used in exponential smoothing.
- what is the "next period" prediction for each method?
- Circle, draw, etc. on the chart to indicate which value is the prediction for the next time period.
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