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Moving Average
Generate a forecast with the moving average technique
The moving average technique is a common method because it’s simplicity. It is popular for determining market trend changes and is commonly used as a basis for more sophisticated techniques. Please read about this technique in the article "
Consumer Demand Forecasting: Popular Techniques, Part 1: Weighted and Unweighted Moving Average
".
The following utility generates a forecast using the moving average technique: simply insert observation values, and get the forecast accuracy while comparing two moving averages circulation’s value, or get a recommendation for the optimal moving averages circulation that may produce the best.
1. Insert observation values (numbers):
Note:
After 15 minutes of inactivity or page refresh the data is erased.
Value
Action
Insert
2. Choose two options for the moving average you’d like to compare:
min:2, max: the number of observations (up to 100)
Or
an optimal moving average.
Read about the
MAD technique
for comparing forecasts’ accuracy.