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 ...

Q. I use Excel to do traditional linear forecasting, but I would like to upgrade to exponential smoothing for more accurate forecasts. Is there a way to do this in Excel? A. Accurate forecasting is ...

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 ...