Double Exponential Smoothing

Predicted values - Forecast

  

Double exponential smoothing uses the two components of the smoothed value, level and trend, to generate forecasts. The data up to the origin of forecasts are used to determine the fitted values and forecasts.

Example Output

Period  Forecast    Lower    Upper

25        387788   324546   451030

26        393620   318188   469051

27        399452   310644   488260

28        405284   302374   508193

29        411116   293640   528591

30        416948   284595   549300

Interpretation

For the sales data, the forecasts (the predicted computer sales) for the next 6 months are displayed next to the corresponding periods. For example, for the next month, you should expect to sell 387788 computers.

 


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