Answers
Here are the answers to the preceding questions:
- The number is up to the researcher – for example, we can use a bimonthly, quarterly, or semester time period when calculating the moving average.
- No. Autocorrelation is a key factor in calculating future values because our forecast depends on past data to make predictions.
- The cyclical seasonal component shows the increasing and decreasing values of the forecast based on the past data.
- Multiply the season component by the trend of linear regression.
- It shows the distance between the data and the CMA line.