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LinkedIn Learning

Business Analytics: Forecasting with Seasonal Baseline Smoothing

via LinkedIn Learning

Overview

Learn how to perform seasonal baseline smoothing with R and Excel and incorporate seasonal variation for more accurate and insightful forecasts.

Syllabus

Introduction
  • Why seasonal baseline smoothing will help your regression
  • Software setup
1. Approaches to Seasonal Smoothing
  • Seasonality in a baseline
  • Defined names and relative references
  • Diagnosing seasonality
  • Simple seasonal indexes
  • Seasonal smoothing and horizontal baselines
2. Optimizing Seasonal Forecasts
  • Minimizing RMSE
  • The Excel Forecast Sheet
  • Prepare to make a seasonal forecast in R
Conclusion
  • Next steps

Taught by

Conrad Carlberg

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