Simon Fraser University

Forecasting Methods

In the STEPAR method, PROC FORECAST first fits a time trend model to the series and takes the difference between each value and the estimated trend. (This process is called detrending.) Then, the ...
JSTOR Daily

Fitting the damped trend method of exponential smoothing

The well-established forecasting methods of exponential smoothing rely on the “optimal” estimation of parameters if they are to perform well. A grid search procedure to minimise the MSE is often used ...
JSTOR Daily

Multi-item sales forecasting with total and split exponential smoothing

Efficient supply chain management relies on accurate demand forecasting. Typically, forecasts are required at frequent intervals for many items. Forecasting methods suitable for this application are ...
Investopedia

Data Smoothing: Definition, Uses, and Methods

Rajeev Dhir is a writer with 10+ years of experience as a journalist with a background in broadcast, print, and digital newsrooms. Thomas J Catalano is a CFP and Registered Investment Adviser with the ...
Simon Fraser University

Introduction to Forecasting Methods

This section briefly introduces the forecasting methods used by the FORECAST procedure. Refer to textbooks on forecasting and see "Forecasting Methods" later in this chapter for more detailed ...