Exponential Smoothing Method in Forecasting | Forecasting Techniques - Exponential smoothing method

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In this video, You will learn how to perform exponential smoothing method (ESM).

ESM is one of the important techniques of time series forecasting. to calculate this method, you will employ alpha constant to the actual demand and 1- alpha to the forecast demand.

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#Exponentialsmoothingmethod #forecasting techniques
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Going through this explanation 1hr before my exams, and I must say, thank you for your clear explanation

LifestylewithJoy_
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Thanks, ma'am. It is really helpfull.

santoshsahu-oyvo
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Very nice explanation.
Do you have any videos that explain CONVOLUTION SMOOTHING for timeseries data with a simple example?

murphyslaw
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Thank you so much ma'am
From ISBR College ❤️

amitkumarpal
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what if you want to find F3 but the second demand is unknown and only demand F1 is known? can we use demand F1?

rizkyindramaulana
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thank you clearing my doubt ma'am

debopomsaha
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Can you please explain how did you derived the value of alpha as 0.4?

bishwajeetneogi
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Greetings! Why do we use 2 in the numerator of factor? 2/(1 + k)

purudate
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Year Unit
2001 1.68
2011 2.54
2012 2.35
2013 2.73
For the Above problem can I use 2001 is the previous year of 2011 ?

sovanmondal
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Madame, If I am doing double exponential smoothing 5 period moving average with a software program-after 5 period exponential moving average is calculated say (X) does computer do second calculation with data X and (X-t1) (X-t2) (X-t3) (X-t4) - - - forgive me, I went to college 50 years ago..(X-t1) is exponential moving average one period prior & so on.Thank you.

navketan
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How to Compute MAD in Forecasting Method Exponential Smoothing? Can you make a video for it thanks

maryjoypesodas
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Kindly answer please. I want to understand it as I have got this in Assignment.

zairimtiaz
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How do forecast values for 8, 9, 10 and so on

adventurer_stan
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How smoothing constant is equal to .4?please help here

jbkofficialreels
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Alpha value not given, how to find this one

sunilvaland
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What is the difference between Dt and Ft in the formula? As demand and forecasts are considered same.

zairimtiaz
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But thats how we can only calculate forecast for 1 month (in this case 7th ) what about next 6 months ?

AkshayKumar-iodh
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first ki forcosting khud se let ki he 310? ya first ki as it is rhne dein gy bakio ki find krein gy?

esha-tul-razia
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mam formula is written wrong, its F(t+1)= Ft + alpha(At - F t)

_DUKE_
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Thank you but Fct number so far from actual. In reality how to forecast accurately than how to calculate the number follow the formula

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