Total Vehicle Sales Forecast

ECO 309 Economic Forecasting Final Project

Business & Finance, Economics, Statistics
Cover of the book Total Vehicle Sales Forecast by Alexander Hardt, GRIN Verlag
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Alexander Hardt ISBN: 9783656735625
Publisher: GRIN Verlag Publication: September 5, 2014
Imprint: GRIN Verlag Language: English
Author: Alexander Hardt
ISBN: 9783656735625
Publisher: GRIN Verlag
Publication: September 5, 2014
Imprint: GRIN Verlag
Language: English

Project Report from the year 2013 in the subject Economics - Statistics and Methods, grade: 1,0, , course: ECO 309, language: English, abstract: For this project I created a twelve month forecast for Total Vehicle Sales in the United States using four different methods. These four techniques are called exponential smoothing, decomposition, ARIMA, and multiple regression. To do so I picked one dependent (Y) variable along with two independent (X) variables and collected 80 monthly observations for each variable. This historical data allowed me to create four different forecasting models which predict future Vehicle Sales with low risk of error. The best model according to the lowest error measures was winter's exponential smoothing method because it had the lowest MAPE along with the lowest RMSE for the fit period as well as the forecast period.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Project Report from the year 2013 in the subject Economics - Statistics and Methods, grade: 1,0, , course: ECO 309, language: English, abstract: For this project I created a twelve month forecast for Total Vehicle Sales in the United States using four different methods. These four techniques are called exponential smoothing, decomposition, ARIMA, and multiple regression. To do so I picked one dependent (Y) variable along with two independent (X) variables and collected 80 monthly observations for each variable. This historical data allowed me to create four different forecasting models which predict future Vehicle Sales with low risk of error. The best model according to the lowest error measures was winter's exponential smoothing method because it had the lowest MAPE along with the lowest RMSE for the fit period as well as the forecast period.

More books from GRIN Verlag

Cover of the book Diskussion des Problems einer Staatsinsolvenz und die Möglichkeiten ihrer Bewältigung by Alexander Hardt
Cover of the book Film ohne Medium - Rudolf Arnheims Neuer Laokoon und die Kritik am Sprechfilm by Alexander Hardt
Cover of the book Macht Gottesglaube unfrei? Überlegungen zur Bedeutung der Rede vom Heiligen Geist by Alexander Hardt
Cover of the book Essay Social History by Alexander Hardt
Cover of the book Wandel der Familienstrukturen und Folgen für die Erziehung by Alexander Hardt
Cover of the book Die Entsendung von Mitarbeitern ins Ausland. Arbeitsrechtliche Fragestellungen by Alexander Hardt
Cover of the book Haftpflichtfragen bei durchkreuzter Familienplanung by Alexander Hardt
Cover of the book Androhung und Anwendung von militärischem Zwang auf multilateraler Ebene als Mittel eigener Interessenpolitik by Alexander Hardt
Cover of the book Die Lebensordnung Gottes in Bibel und Koran by Alexander Hardt
Cover of the book Vergil Aeneis IV, Die Auseinandersetzung zwischen Aeneas und Dido: Aeneas' Rede (331-363) by Alexander Hardt
Cover of the book Immaterielle und materielle Anreizsysteme zur Bindung von Mitarbeitern by Alexander Hardt
Cover of the book Bedeutung und Methoden des gesundheitsorientierten Fitnesstrainings im Heimbereich by Alexander Hardt
Cover of the book Die Entwicklung des Sportfernsehens in Deutschland by Alexander Hardt
Cover of the book Leadership Effectiveness in Global Teams by Alexander Hardt
Cover of the book Criminal Justice and Minority Groups by Alexander Hardt
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy