Time Series Forecasting Methods Goal is to predict systematic component of demand Multiplicative:(level)(trend)(seasonal factor) Additive:level trend seasonal factor Mixed:(level trend)(seasonal factor) Static methods Adaptive forecasting SEIEE AU406 7-10+ - SEIEE AU406 7-10 Time Series Forecasting Methods  Goal is to predict systematic component of demand  Multiplicative: (level)(trend)(seasonal factor)  Additive: level + trend + seasonal factor  Mixed: (level + trend)(seasonal factor)  Static methods  Adaptive forecasting