Article ID: | iaor19991003 |
Country: | Netherlands |
Volume: | 94 |
Issue: | 1 |
Start Page Number: | 106 |
End Page Number: | 111 |
Publication Date: | Oct 1996 |
Journal: | European Journal of Operational Research |
Authors: | Pappis Costas P., Pantazopoulos Sotiris N. |
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, smoothing factors. A new adaptive method for updating the value of smoothing parameters is introduced in this paper. The proposed model for exponential smoothing methods using one, two and three smoothing parameters is described and the accuracy of the method is measured.