Business Forecasting Definition, Steps, Modeling and Importance

Business forecasting is the process of making prediction of the future based on past and present data. In many cases a reliable forecast can be worth a lot of money, such as consistently and correctly guessing the behavior of the stock market for enough in advance to act upon such a guess. Business forecasting In […]

An Intuitive Study of Time Series Analysis

Time series analysis is an impotant forcasting procedure to find the trend of time series data. It is an important statistical procedure to analyze the time trend data and make interpretation from the analysis result. According to wikipedia, “In mathematics, a time series is a series of data points indexed (or listed or graphed) in time order.” Time […]