Describe the common forecasting techniques we used in excel, and discuss pros and cons of each technique? And Describe the common forecasting error evaluation techniques we used in excel, and discuss pros and cons of each technique.
It is important to evaluate forecast accuracy using genuine forecasts. Consequently, the size of the residuals is not a reliable indication of how large true forecast errors are likely to be. The accuracy of forecasts can only be determined by considering how well a model performs on new data that were not used when fitting the model.
Forecasterror
A forecast “error” is the difference between an observed value
and its forecast. Here “error” does not mean a mistake, it means
the unpredictable part of an observation. It can be written
aseT+h=yT+h−^yT+h|T,
Describe the common forecasting techniques we used in excel, and discuss pros and cons of each...
List and discuss (three each) pros and cons of NAFTA (3 pros and 3 cons). Be sure that you include in those pros and cons a general discussion of the benefits and detriments to the United States. There should be three substantive and comprehensive pro and cons paragraphs referencing facts.
1)Discuss the three ways used to measure crime. Discuss the pros/cons of each method. In your opinion, what is the importance of these measure instruments? 2)Compare and contrast Robert Morton’s strain theory with Robet Agnew’s general strain theory. In your opinion, can you use either or both of these theories to explain the crime of Burglary and why? 1- DISCUSS THE THREE WAYS USED TO MEASURE CRIME. DISCUSS THE PROS/CONS OF EACH METHOD IN YOUR OPINION, WHAT IS THE IMPORTANCE...
In your own words discuss the pros and cons of electronic medical records. Describe your personal experience with this technology advance in the health care industry
Discuss the pros and cons of technology and its effect on each of the following stakeholders: patients, providers, and state or federal agencies.
1. So far, we have attempted to describe globalization and some pros and cons of this phenomenon. In your daily life, how does globalization impact you?
Coconut oil has been started to be used extensively. What are the pros and cons of coconut oil? Do we have enough evidence to make claims about it? Discuss your findings
Forecasting techniques are very valuable in business planning, but without effectively examining the forecasting error, a business could make very flawed decisions. It is critical that we always evaluate the level of error and use this information to inform decisions about production, stocking, etc. For each of the error measures below, describe their strengths and weaknesses. Finally, select the method you believe would be most useful. forecast error CFE mean bias MAD MAPE
Discuss the differences between the following pros and cons of each to measure profit: a. Gross profit b. Operating income (EBIT) c. Net Income. It can be very brief
3. Explain how hardware and software firewalls work and discuss the pros and cons of each. Which one is better? Justify your answer. In detail
Discuss differences between the following pros and cons of each to measure profit. It can be brief d. EBITDA e. Adjusted EBITDA f. Cash from Operations g. Free Cash Flow