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Forecasting
C/C/176. Quantitative methods of analysis and forecasting
- WORDS:
- 2200
- DATE:
- 2010
- PRICE:
- 29.99 GBP
The paper presents calculations to produce forecasts on the basis of the data related to the consumption of crude steel in the UK, discussing the use of exponential smoothing methods and optimal parameters to produce forecasts, and addressing the accuracy of the forecasts. The areas of decision making where forecasting could contribute are identified.
KEYWORDS: Quantitative methods, forecasting, crude steel consumption,
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