Forecasting Techniques Interactive Model

The Forecasting Techniques Interactive Model enhances the coverage of forecasting techniques covered in Chapter 9 by allowing the user to experiment with four widely used forecasting techniques: Exponential Smoothing, Trend Adjusted Exponential Smoothing, the Linear Trend Equation, and Simple Linear Regression. The model allows the user to experience with different smoothing constants and compare the accuracy of different approaches. 

Instructions:

1. Select a forecasting method.
2. Click cells in the second column, input positive decimal numbers (for "Simple Linear Regression" method, input data in both first and second columns.
3. Press the Forecast button to get the forecasting result.
4. Move your mouse onto a blue dot, then drag it vertically to see the effect of forecasting with the change of original data.
5. Press the Reset button to go back to the original problem.