Fligh raises a question in today’s class, “Dr. Theo, so far my boss has been satisfied with my demand forecasts for Flightime Airlines. However, he says that the holiday season is coming and that he expects high volumes of visitor arrivals by air. So he has asked me to adjust for the seasonal and cyclical effects but I don’t know how to estimate them.” Dr. Theo assures him that this week we will learn how to adjust for these two components. Some of the estimations require regression techniques learned in Chapters 5 and 6. He says that once we finish with this chapter, we will be able to:
1.Discuss the concept of decomposing a time series.
2.Analyze triple exponential technique.
3.Explain the AR(p) and ...