Exponential Smoothing - Softcover

An Extension

 
9781333734084: Exponential Smoothing

Synopsis

This book introduces a new method for extending the usefulness of exponential smoothing, a commonly used technique in demand forecasting. Where exponential smoothing falters when encountering long lead times, this book proposes a method for estimating errors at an arbitrary lead time. This method is achieved by evaluating predictions at the desired lead time rather than at a default setting. The book covers the drawbacks of the default setting, introduces a new error estimation method, and describes how to incorporate this method into an existing computer program. The result is a more accurate demand forecasting tool that can be used by businesses to improve their planning and decision-making.

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