Forecasting Methods made simple - Exponential Smoothing

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This is the second video on the series of Forecasting Methods made simple. Here we discuss the exponential smoothing method. We discuss the relevance to the smoothing factor and there is some insight into choosing the apt value for the smoothing factor.
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In most of the videos i have watched, it is not clear how there are assuming the initial forecasting. In this video, my doubts are cleared. Thanks for making this video lecture.

max
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Thank you so much for explaining so well.

abdulrehman
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Thank you very much. It's very clear to understand. 👍

arisgunaryati
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Dear Piyush, your videos on forecasting methods so easy to learn and Great. Thank you

kingmakerkrish
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This Video Explains it all. So clear compared to all the videos out there. Im a university student and i feel this video explained me better than my professor did. Superb! 

UdayBhargav
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Really simple explanation .. can you pls put a video on winter Holt's method as well

pratibhapal
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you're so clear when explaining it. thank u so much!

Asakyoshi
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Dear Piyush, thanks for the videos, very useful, I have a question, can I use this method for seasonal data? Why not? what if I used? how the results will affect the forcasting?

EvilAbD
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I know this is an old video. But thank you! Thank you so much!

ellemason
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I saw your all videos. The way you explained is awesome! superb examples. you made my day.Good luck sir.

swamypamu
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I really like using this forecast because it can change when you change the alpha.

debbiedickinson
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Hello,
I have a question about forecasting. Should plan corrections be determined during forecasting? Or is it not necessary to determine them? Why is there an extrapolation? An extrapolation is absolutely necessary.

peterheine
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Hello Piyush. Your videos of forecasting are really nice. I have a question related to forecasting credibility. I have a case of Resource Based Method of Forecasting. (Project Rev= Resources Expected Hours x Rate and i have like 125 projects to forecast). What would you recommend as the best method to apply some kind of accuracy or uncertainty or confidence level to this case? My forecasting period extends only to one month ahead.

gjergjbengu
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If x axis show date when how to use this formula

pushkalupadhyay
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What is the optimum level of alpha? For sales forecast of a restaurant what should be the alpha value I may use sir?

NazrulIslamshariatpur
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it's easy to understand. if v want to predict share price using 5 years data how it ll be used can you please explain.

subhashreerv
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Hi Piyush - just curious, how come in other tutorials I've seen about exponential smoothing a damping factor (1-alpha) is used in the formula. It does not seem you used the damping factor for this. Is a there a reason why you didn't use the damping factor?

mikedizon
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How do you decide the value for Alpha when using this method in reality

ghoomketu.forever
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Have you done anything for the Croston's method to forecast sporadic demand? If yes, kindly share your spreadsheet template.

rohitkumbehera
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Hi Piyush, I need help with SKU level forecasting. Do u have any videos, files or links you can share with me, highly appreciated. Thanks

RaviKumar-mkmj
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