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Time Series Analysis The Multiplicative

Time Series Analysis: The Multiplicative Decomposition Method

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Title: Time Series Analysis: The Multiplicative Decomposition Method

Essay Details:

Subject: Business

Author: Carol L

Date: February 3, 2015

Level: University

Grade: B

Length: 5 / 1426

Essay text:

Forecasts can provide useful information to cut costs, increase efficient use of resources, and improve the capability to compete in a frequently changing environment. This study tests complicated, yet simple to use time series models to forecast sales. The results will show that, with minor rearrangement of past sales data, easy-to-use time series models can accurately forecast gross sales .Forecasters often need to guesstimate doubtful quantities, but with restricted time and resources. Decomposition is a method for dealing with such problems by breaking down the estimation task down into a set of components that can be more readily estimated, and then combining the component estimates to generate an objective estimate...

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