Abstract

There are many trade time series parade having seasonality. This paper ponders on taking the appropriate smoothing constants of seasonal time series data using Holt-Winter’s exponential smoothing method in demand forecasting of toy production in a company. It is a quantitative technique in forecasting. This forecasting method is used three constants that assign weights to current demands and previous forecasts to decide on a new forecast. We have demonstrated the techniques how to choose these constants by presenting a real life example and calculated corresponding forecast value of this technique for the optimal smoothing constants.
 Dhaka Univ. J. Sci. 67(2): 99-104, 2019 (July)

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