Exponential Smoothing Method in Forecasting | Forecasting Techniques - Exponential smoothing method

In this video, You will learn how to perform exponential smoothing method (ESM).
ESM is one of the important techniques of time series forecasting. to calculate this method, you will employ alpha constant to the actual demand and 1- alpha to the forecast demand.
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#Exponentialsmoothingmethod #forecasting techniques

[@LifestylewithJoy_]

Going through this explanation 1hr before my exams, and I must say , thank you for your clear explanation

[@santoshsahu-oy5vo]

Thanks, ma'am. It is really helpfull.

[@ma.rizzasadiwa583]

Well explained.thank you for sharing☺

[@murphyslaw2366]

Very nice explanation.
Do you have any videos that explain CONVOLUTION SMOOTHING for timeseries data with a simple example?

[@amitkumarpal1824]

Thank you so much ma'am
From ISBR College ❤️

[@debopomsaha8694]

thank you clearing my doubt ma'am

[@samwelmtui9724]

Much helpfully

[@vickydon7297]

Tq mam it's too easy 🎉❤

[@purudate4049]

Greetings! Why do we use 2 in the numerator of factor? 2/(1 + k)

[@ontorpodder6874]

very helpful

[@sovanmondal1793]

Year Unit
2001 1.68
2011 2.54
2012 2.35
2013 2.73
For the Above problem can I use 2001 is the previous year of 2011 ?

[@iwx0killwala981]

Thank you ☺️

[@TheSimisubh]

Thank you

[@navketan1965]

Madame, If I am doing double exponential smoothing 5 period moving average with a software program-after 5 period exponential moving average is calculated say (X) does computer do second calculation with data X and (X-t1) (X-t2) (X-t3) (X-t4) - - - forgive me,I went to college 50 years ago..(X-t1) is exponential moving average one period prior & so on.Thank you.

[@karpagamqtcorner8764]

Navketan sir, I'm glad that you are learning at this age. Truly you are an inspiration. For double exponential smoothing, please use Holt's and winter model.(double and triple exponential smoothing). The one that I've showcased in the video is simple exponential smoothing.
Incase of any doubts, kindly revert. Thanks

[@user-zb3lw7uz6t]

Thank u so much ❤

[@haridassangale9350]

Thanks🙏

[@20_DUKE_02]

mam formula is written wrong, its F(t+1)= Ft + alpha(At - F t)

[@arzixq]

it wasn't

[@adventurer_stan]

How do forecast values for 8,9,10 and so on

[@user-og2xh8wu6n]

Broooo!!! If u know now, give me answer, I don't understand how do forecast values for 8,9,10 tooooooooo, heeeelp

[@michaelmolapo2297]

Thank you for saving eh

[@RR-lx1ew]

Thanks

[@maryjoypesodas1983]

How to Compute MAD in Forecasting Method Exponential Smoothing? Can you make a video for it thanks

[@wushixunsoo]

Terima kasih❤❤❤❤

[@shacniofficial3729]

Thnk u so much

[@jbkofficialreels775]

How smoothing constant is equal to .4?please help here

[@md.bakulmia5791]

Thank you mam❤❤❤

[@rahulpawar417]

thankyou so much mam !

[@karpagamqtcorner8764]

Most welcome 😊 Rahul

[@harisees09]

@@karpagamqtcorner8764 why you have not explained how to calculate alpha

[@relaxingmind34]

​@@harisees09because it gives in every sum no need to calculate it manually

[@zairimtiaz434]

Kindly answer please. I want to understand it as I have got this in Assignment.

[@bishwajeetneogi9795]

Can you please explain how did you derived the value of alpha as 0.4?

[@aditisinha7081]

That would be given in question

[@jobstation9839.]

Thanku ❤

[@sunilvaland7833]

Alpha value not given , how to find this one

[@zairimtiaz434]

What is the difference between Dt and Ft in the formula? As demand and forecasts are considered same.

[@apna_playground_arena]

yes both are same variable but here Dt is actual demand and Ft is forecasted demanded(predicted demand).

[@priyanshisrivastava9938]

how to calculate forecast error?

[@56_m-pratikshitvajpayee96]

For each of the periods, it can be calculated as (forecasted demand -- actual demand) but actual demand for period 7 wasn't mentioned it is hard to say how we do it.

[@relaxingmind34]

​​@@56_m-pratikshitvajpayee96Actual - forecast

[@AkshayKumar-io2dh]

But thats how we can only calculate forecast for 1 month (in this case 7th ) what about next 6 months ?

[@esha-tul-razia2240]

first ki forcosting khud se let ki he 310? ya first ki as it is rhne dein gy bakio ki find krein gy?

[@pratikchoudhary6047]

for 1st year, it is taken as "let" because she has no previous year value. So Demand=forcast value for 1st year.

[@userj23]

Actual demand of 7?

[@sharon.n]

How do you get alpha

[@56_m-pratikshitvajpayee96]

It will be given in the question. alpha is the smoothing constant.

[@kazoorajustus3078]

Hey, how would I determine the actual demand for 7

[@mridulphukan]

You cannot

[@Ana-wz2fv]

why my professors arent good as you (>

[@bmpbox]

Thank you but Fct number so far from actual. In reality how to forecast accurately than how to calculate the number follow the formula

[@jafarmohamad9753]

How to calculate the error

[@muhammad_ans1473]

Sales - esm

[@vinmaymhatre6708]

At - ft

[@jbkofficialreels775]

How to calculate ESM,please help here​@@muhammad_ans1473

[@mustafanaksh3250]

Very bad explain because you don't understood any weak child

[@SajidAli-il5og]

Thanks