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Chapter 11

Forecasting

Outcome

By the end of this session you should be able to:

 identify trends and patterns in time series graphs, using appropriate techniques

 identify the components of a time series model

 understand seasonal variations using both additive and multiplicative models
and explain when each is appropriate

 calculate predicted values, given a time series model

 identify the limitations of forecasting models

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Integrated Workbook can
be found in Chapter 11 of your Study Text

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