Module 8 - Forecasting Flashcards
1
Q
Four main features of a time series
A
- trend
- seasonal variations
- cyclical variations
- random variations
2
Q
components of a time series
A
Y = T + S
3
Q
additive method CSV
A
CSV = Actual - Trend
4
Q
additive method ASV is ?
A
added to the trend figure for any period
5
Q
multiplicative method CSV
A
CSV = Actual/Trend
6
Q
multiplicative method ASV is?
A
multiplied by the trend figure for any period