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Business Statistics, Second Edition
book

Business Statistics, Second Edition

by J. K. Sharma
November 2006
Intermediate to advanced content levelIntermediate to advanced
744 pages
29h 18m
English
Pearson India
Content preview from Business Statistics, Second Edition

Chapter 16

Forecasting and Time Series Analysis

LEARNING OBJECTIVES

After studying this chapter, you should be able to

  • understand the pattern of the historical data and then extrapolate the pattern into the future.

  • understand the different approaches to forecasting that can be applied in business.

  • gain a general understanding of time-series forecasting techniques.

  • learn how to decompose time-series data into their various components and to forecast by using decomposition techniques.

I have but one lamp by which my feet are guided, and that is the lamp of experience. I know of no way of judging the future but the past.

—Patrick Henry

The penguin flies backwards because he does not care to see where he's going, but wants to see where he's ...

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Publisher Resources

ISBN: 9789332503434