Project #13 - A Forecast Application
This application uses exponential smoothing to forecast future values based on past values. It includes seasonal components and a general trend. The user inputs observed values for twelve months (or years), any seasonal components, and the trend of the data. The application must forecast the values for the next twelve months (or years).
Functionality of the application:
This application has the following functionality:
1) It allows users to view the historical data, along with the exponentially smoothed forecasts, in tabular and graphical form.
2) Values are seasonal with an upward or downward trend, so it is appropriate to use Winter's exponential smoothing method.
3) Values may also be not seasonal, but they have an upward or downward trend. Therefore, it is appropriate to use Holt's exponential smoothing method.