Forecasting Techniques

May 22nd, 2009

Below are forecasting techniques often used in Operations Research.

For series without trend and seasonality.

Model: $Forecasting techniques$ where:

$Forecasting techniques$ is independent and $Forecasting techniques$

$Moving Average$

Where

$Moving Average estimate$	= an estimate of M made at time t
N	= observations (given equal weight)
$New observations$	= new observation

Include all past data and give greater weight to more recent observations.

$Single Exponential Smoothing$

Where St = exponentially smoothed average at time t and

$Smoothing exponentially beta definition$

And,

$Exponential smoothing$

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