Forecasting session 1

Which of these outliers events you will not consider in your forecast?

• Pre & Post holiday impact

• Monthly/Weekly business trend

• Outages/Downtime

What is the usual time duration of a Long term forecast?

• Less than 3 Months

• 3 - 6 Months

• 6 - 12 Months or higher

What is Seasonality?

• The average value in the series

• Refers to long-term growth/decline in the data.

• It is relative increase/decrease of volumes every period compared to the yearly average

What is Standard Deviation used for?

• Collect data(Gather Data from data source)

• Summarize data (View in graph/Pivot)

• Clean data (Find outliers/Anomalies)

• All of the options

What is Weighted Moving average?

• Regression/Causal method

• Time series method