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Business Analytics: Forecasting with Exponential Smoothing

via LinkedIn Learning

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Details

No Longer Offered

Provider

LinkedIn Learning
Pricing

Free Trial Available
Languages

English
Certificate

Certificate Available
Effort

1-2 hours
Sessions

No Longer Offered

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Get an introduction to simple exponential smoothing, including how to assemble the forecast equation and optimize forecasts.

Syllabus

Introduction

Welcome

1. The Idea Behind Exponential Smoothing

Self-correcting forecasts
From error correction to smoothing
Exponentially declining influence of observations
Identify the appropriate baseline

2. The Forecasting Equation

Dissect the error correction form
Dissect the smoothing form
Exponential smoothing tool
Initialize the forecasts

3. Measuring Forecast Accuracy

The absolute deviation approach
The least squares approach

4. Optimizing Forecasts

Solver
Set up the smoothing formula for Solver
Solution in R

Conclusion

Next steps

Taught by

Conrad Carlberg

Reviews

4.5 rating at LinkedIn Learning based on 128 ratings

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