Flashcards in Forecasting Deck (15):
Demand data that is erratic over time.
The average demand for all periods that averages out seasonality.
General upward or downward movement of a variable over time.
A repetitive pattern of demand from year to year with some periods higher than others.
An arithmetic average of a certain number of recent observations.
Based on factors outside of the organization.
A fluctuation in data that is caused by uncertain or random occurrences.
Same as deseasonsalized demand.
Based on factors from within the company.
An index of total business activities at the regional, national, and global levels.
A consistent deviation from the mean in one direction (high or low).
Historical data is used to project into the future.
A number used to adjust data to seasonal demand.
Demand data that retain the same general shape over time.