January 2017
Beginner to intermediate
280 pages
217h 11m
English
book
Quantitative Analysis for Management, 13/e
by Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Hale
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Glossary
- Adaptive Smoothing
The process of automatically monitoring and adjusting the smoothing constants in an exponential smoothing model.
- Bias
A technique for determining the accuracy of a forecasting model by measuring the average error and its direction.
- Causal Models
Models that forecast using variables and factors in addition to time.
- Centered Moving Average
An average of the values centered at a particular point in time. This is used to compute seasonal indices when trend is present.
- Cyclical Component
A pattern in which the annual data in a time series tend to repeat every several years.
- Decision-Making Group
A group of experts in a Delphi technique that has the responsibility of making the forecast.
- Decomposition
A forecasting model ...