Forecasting based on time series using different smoothing techniques
- Bangkok : Asian Institute of Technology, 1978
- 64 p.
- Thesis ; no. 1373 .
- Asian Institute of Technology. Thesis ; no. 1373 .
A thesis submitted in partial fulfillment of the requirements for the degree of Master of Science of the Asian Institute of Technology, Bangkok, Thailand
Thesis (M.Sc.) - Asian Institute of Technology, 1978
One common way of modeling a time series is to find a transformation that reduces the observed data to random noise. Earlier procedures for technological forecasting based on time series data were of a some what ad-hoc nature, though theoretical justifications for their use were generally available. This study attempts to introduce a more powerful tool in technological forecasting based on time series by using Box-Jenkins approach, which is a newly developed technique. The basic concept and mathematical models of moving averages, exponential smoothing, and Box-Jenkins methodology are outlined and illustrated by their application to three time series concerned with technological forecasting. Comparison is then made by use of sum of squares of lead- 3 forecast error.