ManagementParadise.com | Management & Business Education Learning Platform PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT > Elements Of Logistics Exponential Smoothing model
 User Name Remember Me? Password

# Exponential Smoothing model

Discuss Exponential Smoothing model within the Elements Of Logistics forums, part of the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT category; Large Scale Statistical Forecasting Although nobody can really look into the future, modern statistical methods, econometric models and business intelligence ...

 Exponential Smoothing model
Ankit Gokani

Student of BMS at V E S INSTITUTE OF MANAGEMENT
Mumbai, Maharashtra

Status: Offline
Posts: 2,698
Join Date: Jul 2006
Location: Mumbai, Maharashtra
Age: 33
Exponential Smoothing model - June 14th, 2008

Large Scale Statistical Forecasting

Although nobody can really look into the future, modern statistical methods, econometric models and business intelligence software go a long way in helping businesses forecast and estimate what is going to happen in the future.

The Exponential Smoothing model uses a weighted average of past and current values, adjusting weight on current values to account for the effects of swings in the data, such as seasonality. Using an alpha term (between 0-1), you can adjust the sensitivity of the smoothing effects. ES is often used on Large Scale Statistical Forecasting problems, because it is both robust and easy to apply.

ES is a popular scheme to produce a smoothed Time Series. Whereas in Single Moving Averages the past observations are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as the observation get older. In other words: recent observations are given relatively more weight in forecasting than the older observations.

In the case of moving averages, the weights assigned to the observations are the same and are equal to 1/N. In Exponential Smoothing, however, there are one or more smoothing parameters to be determined (or estimated) and these choices determine the weights assigned to the observations.

Ankit Gokani

All of u plz read dis first

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Disscusion

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

Press Thanks if u like my post
Friends: (19)

 Bookmarks

 Tags exponential, model, smoothing

 Thread Tools Display Modes Linear Mode

 Posting Rules You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is OnTrackbacks are On Pingbacks are On Refbacks are Off Forum Rules

ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.

Search Engine Optimization by vBSEO ©2011, Crawlability, Inc.