Previous Period Forecast in Industrial Engineering Formulas

The Previous Period Forecast is the older observed forecasted value that is relatively less weight than the future prediction. And is denoted by F_t-1.

Industrial Engineering formulas that make use of Previous Period Forecast

fxSingle Exponential SmoothingGo

FAQ

What is the Previous Period Forecast?

The Previous Period Forecast is the older observed forecasted value that is relatively less weight than the future prediction.

Can the Previous Period Forecast be negative?

{YesorNo}, the Previous Period Forecast, measured in {OutputVariableMeasurementName} {CanorCannot} be negative.

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