Category: Forecasting

Implementing a random walk forecast in Python

In previous posts I introduced very simple (and naive) forecasting methods, namely CAGR-based forecasting and simple moving average forecasting. I implemented such forecasting methods in R and demonstrated basic use cases. In this post I want to introduce another simple…

Output forecast with simple moving average

In a previous post I explained CAGR-based forecasting. CAGR-based forecasting is a very simple forecasting method which is often applied in industry, e.g. for forecasting sales and production output. Simple forecasting models have benefits. They are easy to understand and easy…