In time series forecasting, a moving average is a smoothing method in which the forecast for time t is the average value for the w periods ending with time t-1.
Daily Archives: March 9, 2015
Week #15 – Interaction term
In regression models, an interaction term captures the joint effect of two variables that is not captured in the modeling of the two terms individually.
Week #14 – Naive forecast
A naive forecast or prediction is one that is extremely simple and does not rely on a statistical model (or can be expressed as a very basic form of a model).