An annual basis is a statistical technique whereby figures covering a period of less than a year are extended to cover a 12-month period. The procedure, called annualizing, must take seasonal variations (if any) into account to be accurate.
Exponential smoothing is a widely used technique for short-run forecasting by business forecasters. It utilizes a weighted average of past data as the basis for a forecast, giving heavier weight to more recent information and smaller weights to older observations, reflecting the idea that the future is more influenced by the recent past than distant past.
Horizontal Analysis is a time series analysis of financial statements that covers more than one accounting period to examine the percentage change in an account over time.
The use of historical data and mathematical techniques to model the historical path of a price, demand for a good, or consumption. Time series analysis is based on the premise that by knowing the past, the future can be forecast.
