A NEW ADAPTIVE METHOD FOR EXTRAPOLATIVE FORECASTING ALGORITHMS

Authors
PANTAZOPOULOS SN PAPPIS CP
Citation
Sn. Pantazopoulos et Cp. Pappis, A NEW ADAPTIVE METHOD FOR EXTRAPOLATIVE FORECASTING ALGORITHMS, European journal of operational research, 94(1), 1996, pp. 106-111
Citations number
18
Categorie Soggetti
Management,"Operatione Research & Management Science","Operatione Research & Management Science
Journal title
European journal of operational research → ACNP
ISSN journal
03772217
Volume
94
Issue
1
Year of publication
1996
Pages
106 - 111
Database
ISI
SICI code
0377-2217(1996)94:1<106:ANAMFE>2.0.ZU;2-0
Abstract
A quite serious problem when using time series forecasting methods is choosing the smoothing parameter (or parameters). Several methods have been developed, which employ variable, adaptively determined, smoothi ng factors. A new adaptive method for updating the value of smoothing parameters is introduced in this paper. The proposed model for exponen tial smoothing methods using one, two and three smoothing parameters i s described and the accuracy of the method is measured.