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Double Exponential SmoothingGraphs - Predicted versus Actual |
The double exponential smoothing procedure draws a graph containing the observations, predicted values, and forecasts, versus time.
Notice that the fitted value pattern lags behind the data pattern. This lag is because the fitted values are the weighted averages from the previous time unit.
The double exponential smoothing procedure also displays, along with the graph, the smoothing constants and three measures to help you determine the accuracy of the fitted values: MAPE, MAD, and MSD.
Example Output |
Interpretation |
For the sales data, you should fit other models and compare the accuracy measures before deciding on a final model.