Operations Management (Basic) - Operations Management 101: What is an Exponential Moving Average?
Master Operations Management: Boost Productivity, Optimize Workflows, Forecast with Precision!
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7 learners
What you'll learn
Understand and calculate basic productivity metrics.
Create and analyze workflow network diagrams for process optimization.
Perform critical path analysis to manage project timelines effectively.
Apply total quality management techniques using Excel for quality improvement.
In this video, I cover the basics of Exponential Moving Averages in Time Series Forecasting. We compare the EMA to the Naive Method, Simple Moving Average, and Weighted Moving Average. An in-depth discussion of alpha, the exponential smoothing constant, is also included. In this example, we will be using college enrollment data to test different methods and then predict Fall 2012 enrollment.
My playlist table of contents, Video Companion Guide PDF documents, and file downloads can be found on my website: https://www.bcfoltz.com
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