4. Smoothing Methods: Part II

Topics

  • Advanced Exponential Smoothing 
  • Smoothing constants 
  • Regression vs. Smoothing

Slides

Reading

Please read: 
Chapter 6, Sections 6.5-6.7

Assignment: Forecasting wine sales using smoothing

Chapter 6: Problem 8

Chap 9.1: Tips & Suggested Steps 5-6
  • How can exponential smoothing be fitted to the series, given the inter-day and intra-day cycles? Write the type of method(s), its components and the number of seasons to use.
In this assignment you will use smoothing methods for generating forecasts of wine sales.