Module 8 - Forecasting Flashcards

1
Q

Four main features of a time series

A
  • trend
  • seasonal variations
  • cyclical variations
  • random variations
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2
Q

components of a time series

A

Y = T + S

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3
Q

additive method CSV

A

CSV = Actual - Trend

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4
Q

additive method ASV is ?

A

added to the trend figure for any period

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5
Q

multiplicative method CSV

A

CSV = Actual/Trend

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6
Q

multiplicative method ASV is?

A

multiplied by the trend figure for any period

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