Smart and Sustainable Operations and Supply Chain Management in Industry 4.0

4  Forecasting

Yüksel Değirmencioğlu and İbrahim Zeki Akyurt

DOI: 10.1201/9781003180302-4

CONTENTS

• 4.1 Introduction
• 4.2 Forecasting Types and Methods
• 4.3 Classification of Forecasting Methods
• 4.3.1 Qualitative Forecasting Method
• 4.3.2 Quantitative Forecasting Method
• 4.4 Forecasting Stages
• 4.5 Simple Linear Regression and Correlation Analysis
• 4.6 Forecast Error
• 4.7 Time Series Analysis
• 4.8 Time Series Analysis Methods
• 4.8.1 Moving Average Methods
• 4.8.1.1 Simple Moving Average Method
• 4.8.1.2 Trending Moving Average Method
• 4.8.2 Exponential Smoothing Methods
• 4.8.2.1 Simple Exponential Smoothing Method
• 4.8.2.2 Double Exponential Smoothing Method
• 4.8.3 Seasonal Smoothing Method (Winter’s Method)
• 4.9 Forecasting Requirement and Sustainability ...