Abstract

The purpose of research is to observe forecasting product selling. The methods used are Single Exponential Smoothing and Double Exponential Smoothing. The result showed that MAPE of Single Exponential Smoothing is 20% and MAPE of Double Exponential Smoothing around 24%. The use of Single Exponential Smoothing method has a lower error. The finding shows that forecasting with single exponential smoothing is recommended to be used by XYZ store in this case. Therefore, the data proceed by those methods will be the beneficial outcome the issue of XYZ store in determining their product stock in the future time.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.