Chapter 4 part 2 Weighted Moving average & MAD

This video introduces students to basic techniques of Forecasting covered in class. The presenter, Eric Bakama, put it in a very simple and straightforward way to allow the students to grasp the concepts behind the Naive approach, Moving Averages, Weighted-Moving Average and Exponential smoothing. Measures of forecasting errors are also introduced in order to enable the students to select the best forecasting techniques.