Volume : IX, Issue : III, March - 2020

STATISTICAL EVALUATION OF FORECASTING METHODS.

Sanjeev Kumar Khichi, Dr. Nand Kishore Singh, Neha Nehra, Sarita Dahiya

Abstract :

In this paper some systematic steps were used for forecasting. Generate forecasts for data with different patterns: level, trend, seasonality, and cyclical.Describe causal modeling using linear regression Compute forecast accuracy .Explain how forecasting models should be selected, Decide what needs to be forecast.Level of detail, units of analysis & time horizon required.Evaluate and analyze appropriate data.Identify needed data.Select and test the forecasting model, Cost, ease of use & accuracy,Generate the forecast accuracy over time.

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

STATISTICAL EVALUATION OF FORECASTING METHODS., Sanjeev Kumar Khichi, Dr. Nand Kishore Singh, Neha Nehra, Sarita Dahiya GLOBAL JOURNAL FOR RESEARCH ANALYSIS : Volume-9 | Issue-3 | March-2020


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