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  • Template For Averaging Forecasting Method

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    Cm Sg
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    This document contains a template for evaluating an averaging forecasting method. It includes a table with 30 time periods showing the true values, averaging forecasts, and forecasting errors. It also displays charts of the true values and forecasts over time. Metrics calculated to evaluate the forecast accuracy are a mean absolute deviation of 767 and mean square error of 1,092,400.

    Original Description:

    Averaging

    Original Title

    Averaging

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    This document contains a template for evaluating an averaging forecasting method. It includes a table with 30 time periods showing the true values, averaging forecasts, and forecasting errors. It also displays charts of the true values and forecasts over time. Metrics calculated to evaluate the forecast accuracy are a mean absolute deviation of 767 and mean square error of 1,092,400.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    32 views1 page

    Template For Averaging Forecasting Method

    Uploaded by

    Cm Sg
    This document contains a template for evaluating an averaging forecasting method. It includes a table with 30 time periods showing the true values, averaging forecasts, and forecasting errors. It also displays charts of the true values and forecasts over time. Metrics calculated to evaluate the forecast accuracy are a mean absolute deviation of 767 and mean square error of 1,092,400.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    A

    Range Name
    Forecast
    ForecastingError
    MAD
    MSE
    TrueValue

    Cells
    D5:D34
    E5:E34
    H5
    H8
    C5:C34

    Template for Averaging Forecasting Method


    Time
    Period
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26
    27
    28
    29
    30

    True
    Value
    6809
    6465
    6569
    8266
    7257
    7064
    7784
    8724
    6992
    6822
    7949
    9650

    Averaging
    Forecast

    Forecasting
    Error

    6,809
    6,637
    6,614
    7,027
    7,073
    7,072
    7,173
    7,367
    7,326
    7,275
    7,336
    7,529
    #N/A
    #N/A
    #N/A
    #N/A
    #N/A
    #N/A
    #N/A
    #N/A
    #N/A
    #N/A
    #N/A
    #N/A
    #N/A
    #N/A
    #N/A
    #N/A
    #N/A

    344
    68
    1,652
    230
    9
    712
    1,551
    375
    504
    674
    2,314

    Mean Absolute Deviation


    MAD =
    767
    Mean Square Error
    MSE =
    1,092,400

    12000
    10000
    8000
    Value

    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26
    27
    28
    29
    30
    31
    32
    33
    34

    True Value

    6000

    Forecast

    4000
    2000
    0

    11 13 15 17 19 21 23 25 27 29
    Time Period

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