Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Total Vehicle Sales Forecast: ECO 309 Economic Forecasting Final Project

Total Vehicle Sales Forecast: ECO 309 Economic Forecasting Final Project

Hardt, Alexander

Paperback

Business GeneralEconomics

ISBN10: 3656735603
ISBN13: 9783656735601
Publisher: Bod Third Party Titles
Published: Sep 5 2014
Pages: 54
Weight: 0.18
Height: 0.13 Width: 5.83 Depth: 8.27
Language: English
Project Report from the year 2013 in the subject Economics - Statistics and Methods, grade: 1,0, course: ECO 309, language: English, abstract: For this project I created a twelve month forecast for Total Vehicle Sales in the United States using four different methods. These four techniques are called exponential smoothing, decomposition, ARIMA, and multiple regression. To do so I picked one dependent (Y) variable along with two independent (X) variables and collected 80 monthly observations for each variable. This historical data allowed me to create four different forecasting models which predict future Vehicle Sales with low risk of error. The best model according to the lowest error measures was winter's exponential smoothing method because it had the lowest MAPE along with the lowest RMSE for the fit period as well as the forecast period.

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