Note: EFL means Estimated Forecast Lag.
This is a summary. The GAM Greatest Average Method of EFL has been replaced by GAV Greatest AVerage Method of EFL. This replacement has been caused by further development of EFL methods by this nondocterate.
Steps for
The GAV Method of EFL:
Step 1:
Take the average of all growth factors. These can be the actual growth factors or percent growth. These can be for any and all time frames.
Step 2:
Divide the average into the greatest and biggest positive growth factor, growth, percent growth.
Step 3:
Depending on the time frame, those big 5 letters of time, DWMQY, the number from the 2nd step will be in terms of the big 5 letters of time. If the percent growth is Daily, the EFL will be days "out in front".