Youtor
Excel Forecasting Single Exponential Smoothing amp Weighted Moving Average Time Series Forecasting
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=IjETktmL4Kg
@MattMacarty • #Excel #Forecasting #TimeSeries #DataAnalysis #BusinessIntelligence • https://alphabench.com/data/excel-tim... • ✅ Please SUBSCRIBE: • https://www.youtube.com/subscription_... • Part II in Introductory Forecasting Series • Introduction to Single Exponential Smoothing and Weighted Moving Average Forecasting Models • ✅ See Part I here: • Moving Average Time Series Forecastin... • Demonstration of time series forecasting techniques using weighted moving averages and single exponential smoothing models to forecast the price of gold. • Learn how to harness the power of Excel to create accurate time series forecasts using two powerful methods: Single Exponential Smoothing (SES) and Weighted Moving Average (WMA). • In this video, you'll discover: • Understanding Time Series Data: Grasp the fundamentals of time series data and its components. • Single Exponential Smoothing (SES): Explore the SES method and its parameters to generate smooth forecasts. • Weighted Moving Average (WMA): Learn how to assign weights to recent data points for more accurate predictions. • Excel Implementation: Step-by-step guidance on using Excel functions and formulas to calculate forecasts. • Model Evaluation: Assess forecast accuracy using key metrics like Mean Absolute Error (MAE) and Mean Squared Error (MSE). • Real-World Applications: See how these techniques can be applied to various business scenarios, from sales forecasting to inventory management. • Download the Excel file used at the link above
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