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Averaging Methods of Forecasting

Averaging Methods of Forecasting. Dr. Ron Lembke. All-Time Average. To forecast next period, take the average of all previous periods Advantages: Simple to use Disadvantages: Ends up with a lot of data Gives equal importance to very old data. 4/7/2009 Opening day. 2010 Farm Angels :

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Averaging methods - PowerPoint PPT Presentation

Averaging Methods of Forecasting