Inoncillo, Ana Jubelle A.

3ALM

Asynchronous Activity (April 5,2021)

Time series forecasting

It is with no doubt that Business analytics is not an easy course, however, for more than 2
months of learning it, I understand its significance. The video is about Time series forecasting, as
defined, it uses information regarding historical values and associated patterns to predict future
activity. In an excel worksheet historical values are being entered in to every cell, it is step one,
to visualize the data. Its the part where you use a line chart to see the movement of your data as
you go along to the process. In this part, you can visualize the movements of your historical data
so that when you have your forecasted data, you can easily contrast them to each other. After
reaching the step of making the CMA, everything that comes after is essential, because it is when
the seasonal and irregular component are smoothen out. The next step would be to extract the
data from the difference of the original data and the smoothen out data, we now go back to the
original data to see how much is the smoothen out data to the original data, it is the extraction
process and the formula for that is we multiply the seasonal, irregular and trend component of
the data. From this stage, you the succeeding parts are easier because we have identified our
basic components.

It might be hard to relate the topics that we study in studying the law, but it is without
signifance. Some of us would pursue corporate and this analysis or forecasting can help us to
devise such programs and schemes to help our company. Also, as a person fascinated in making
analysisor schemes. These knowledge can be useful in proving a point in a court of law. It gives
reliable and solid evidences to prove different allegations. Studying the law is not just about
knowing the law, but also being knowledgeable about things that might help your way around.
Time series forecasting is not an easy task, but it will surely be useful for us when we finish
college and start working. It is a skill we can use to apply for jobs.