Document Type

Thesis - Open Access

Award Date

1975

Degree Name

Master of Science (MS)

Department

Economics

Abstract

Forecasting is attempting to predict the future. It is an estimate of what the future demands. There are many ways to predict the future or to forecast. The purpose of this paper is to present various forecasting techniques. Concentrating on exponential smoothing. Exponential smoothing is a method of forecasting that uses the least possible amount of past data, reflecting those past movements in the data. This paper will point out the effects of external information of forecasts and how exponential smoothing is used in forecasting. It will attempt to show some of the more important application of forecasting. An important part of this paper is a program to forecast by exponential smoothing. This program will provide a user with a means of forecasting based on the information he provides.

Library of Congress Subject Headings

Economic forecasting

Exponential functions

Format

application/pdf

Number of Pages

87

Publisher

South Dakota State University

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