Loading presentation...

Present Remotely

Send the link below via email or IM


Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.


Case 5-2 Consumer Credit Counseling

No description

Renee Nelson

on 20 February 2014

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Case 5-2 Consumer Credit Counseling

Not accurate - not given alpha or n for exponential smoothing or simple moving average
Naive Model
Ŷ(t + 1) = Yt
Moving Average
Ŷ(t +1) = Yt + Yt-1 + Yt-2 + Yt-3 + Yt-4 + Yt-5 + Yt-6 + Yt-7

The Best Model
Moving Average
- lowest error

Exponential Smoothing
Ŷt +1 = α(alpha * Yt) + (1 -αalpha)Ŷt
How do you tell which method is the most accurate?
Case 5-2 Consumer Credit Counseling
By: Maryann Garcia & Renee Nelson


Forecasting the amount of clients for 2009
Given monthly data for new clients from January 2001 - March 2009
Determine best/most adequate forecasting method
Best Model
Moving Average
- lowest error
Full transcript