The document presents monthly gasoline sales data from 1960 to 1975. It compares actual gasoline sales to forecasts made using three methods: the naïve forecast method, the moving average method, and exponential smoothing. The naïve forecast method simply uses the previous year's actual sales as the forecast. The moving average method forecasts values as the average of previous periods. Exponential smoothing gives higher weight to more recent observations using a smoothing constant.
The document presents monthly gasoline sales data from 1960 to 1975. It compares actual gasoline sales to forecasts made using three methods: the naïve forecast method, the moving average method, and exponential smoothing. The naïve forecast method simply uses the previous year's actual sales as the forecast. The moving average method forecasts values as the average of previous periods. Exponential smoothing gives higher weight to more recent observations using a smoothing constant.
The document presents monthly gasoline sales data from 1960 to 1975. It compares actual gasoline sales to forecasts made using three methods: the naïve forecast method, the moving average method, and exponential smoothing. The naïve forecast method simply uses the previous year's actual sales as the forecast. The moving average method forecasts values as the average of previous periods. Exponential smoothing gives higher weight to more recent observations using a smoothing constant.
The document presents monthly gasoline sales data from 1960 to 1975. It compares actual gasoline sales to forecasts made using three methods: the naïve forecast method, the moving average method, and exponential smoothing. The naïve forecast method simply uses the previous year's actual sales as the forecast. The moving average method forecasts values as the average of previous periods. Exponential smoothing gives higher weight to more recent observations using a smoothing constant.