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  • Demand Forecasting

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    aqsakhan78681
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    The document discusses the least square method for trend projection. The least square method finds the best-fitting curve or line of best fit for a set of data points by minimizing the sum of the squares of the offsets of the points from the curve. It uses the residuals to determine the line of best fit.

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    Demand forecasting

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    The document discusses the least square method for trend projection. The least square method finds the best-fitting curve or line of best fit for a set of data points by minimizing the sum of the squares of the offsets of the points from the curve. It uses the residuals to determine the line of best fit.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    13 views23 pages

    Demand Forecasting

    Uploaded by

    aqsakhan78681
    The document discusses the least square method for trend projection. The least square method finds the best-fitting curve or line of best fit for a set of data points by minimizing the sum of the squares of the offsets of the points from the curve. It uses the residuals to determine the line of best fit.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 23

    1) Trend Projection Method

    (b) Least Square Method: The least square method is


    the process of finding the best-fitting curve or line of best
    fit for a set of data points by reducing the sum of the
    squares of the offsets (residual part) of the points from
    the curve.

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