Best writers. Best papers.

Let professionals take care of your academic papers today.


It is easy-peasy to use our online assignment help service. See how it works below:-

Submit Requirements

Track Your Order

Download completed work

Check our affordable prices

275 words

1 pages × jQuery22.05: jQuery22.05 ( 48 hours, double spaced)

Approximate price: $22.05

continue to order

Unit 8 DiscussionDiscussion Topic

Time Series Model

A time series model is a forecasting technique that attempts to predict the future values of a variable by using only historical data on that one variable. Here are some examples of variables you can use to forecast. You may use a different source other than the ones listed (be sure to reference the website). There are many other variables you can use, as long as you have values that are recorded at successive intervals of time.Currency price: XE (http://www.xe.com/currencyconverter/) XE Currency Converter. (n.d.). Retrieved July 08, 2016, from http://www.xe.com/currencyconverterGNP: Trading Economics (http://www.tradingeconomics.com/united-states/gross-national-product) TRADING ECONOMICS | 300.00 INDICATORS | 196 COUNTRIES. (n.d.). Retrieved July 08, 2016, from http://www.tradingeconomics.com/united-states/gros…Average home sales: National Association of Realtors (http://www.realtor.org/topics/existing-home-sales) Existing-Home Sales. (n.d.). Retrieved July 08, 2016, from http://www.realtor.org/topics/existing-home-salesCollege tuition: National Center for Education Statistics (https://nces.ed.gov/fastfacts/display.asp?id=76) Existing-Home Sales. (n.d.). Retrieved July 08, 2016, from http://www.realtor.org/topics/existing-home-salesWeather temperature or precipitation: (http://www.weather.gov/help-past-weather) Existing-Home Sales. (n.d.). Retrieved July 08, 2016, from http://www.realtor.org/topics/existing-home-salesStock price: Yahoo Finance (https://finance.yahoo.com) Yahoo Finance – Business Finance, Stock Market, Quotes, News. (n.d.). Retrieved July 08, 2016, from https://finance.yahoo.com/

Once you have historical data, address the following:State the variable you are forecasting.Collect data for any time horizon (daily, monthly, yearly). Select at least eight data values.Use Excel QM to forecast using moving average, weighted moving average and exponential smoothing (see video in Live Binder).Copy/paste the results of each method. Be sure to state the number of periods used in the moving average method, the weights used in the weighted moving average, and the value of alpha used in exponential smoothing. Be sure to include the MAD (mean absolute deviation) for each method.Clearly state the “next period” prediction for each method.

See Example post.

First response: Choose a classmate’s post. Use the same data, forecast a trend projection using Excel QM. Share the graph and “next period” prediction. Based on the graph, do you think this is a good model for this variable?

See Example post.

Second response: Choose another classmate’s post. Compare the MAD (mean absolute deviation) of all three forecasts (moving average, weighted moving average and exponential smoothing) and state which forecasting method gives the most accurate forecast.

See Example post.

Get an answer to this question in three simple steps

Submit instructions

Submit instructions required to answer your question by filling out the order form and including as many details as possible. Fill out the order form by selecting discipline, word count, format, academic level, and other details.

Track your order

You can check your order’s status or chat with the writer any time you want.

Get your paper done

You will receive a notification once your order is complete. It is ready to use, simply download it. 

Stay anonymous with our online academic writing help service


We guarantee our service is private and confidential

New looks. Same us. Say hi to all new EssayCrackers