Winters' Method (Additive)

Predicted Values - Forecast

  

Winters' additive method uses the three components of the smoothed value, level, trend, and seasonal to generate forecasts. The data up to the origin of forecasts are used to determine the smoothed values.

Example Output

Period  Forecast    Lower    Upper

16       313.615  238.528  388.702

17       301.434  225.170  377.697

18       179.889  102.315  257.464

Interpretation

For the water usage data, the forecasts (the predicted water usage charges in the school district) for the next 3 billing periods are displayed next to the corresponding time units of the forecast. For example, for the next period, you should expect a water usage charge of $313.615.

 

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