Time Series 101: Weighted Moving Averages, A Visual Guide

Dive into the world of weighted moving averages with me in this visually engaging and insightful video. Learn the differences between simple and weighted moving averages while exploring their applications in time series forecasting. Watch as I walk you through a real-world example, highlighting the importance of understanding your data and potential pitfalls when optimizing weights. Don't miss this opportunity to enhance your forecasting skills!
In this video, I demonstrate how weighted moving averages can improve forecasting accuracy, emphasizing the value of selecting optimal weights for different scenarios. Using GDP per capita data for Nigeria, I illustrate the concept of shifting time windows and the importance of stationarity in time series data. Gain valuable insights into forecasting errors and the role they play in selecting the right forecasting techniques for your data.
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