CHAPTER 4

Intermediate Time Series Techniques

Mo comes to the class today with exciting news: His boss is very happy with the results from our combined forecasting. Additionally, his company is going to open a new branch in the south side of the city. For that reason, his boss asks him to extend the model to allow for forecasts for several periods so that they can stock up the inventory for the new branch. Ex tells us what one of his customers had asked him. “I heard that you are taking a forecasting class. Are you able to forecast your sales correctly?” For which Ex answered, “Sometimes yes, sometimes no, I guess that my forecasts are not always correct because there is a lot of uncertainty in the future.”

Dr. App assures us that this week we ...

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