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.
Keep Watching,Keep Learning
#Exponentialsmoothingmethod #forecasting techniques

[@LifestylewithJoy_]

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

[@SalahEldinAbdulraheem]

Really you are the best you'r videos are simple and very clear ❤

[@amitkumarpal1824]

Thank you so much ma'am
From ISBR College ❤️

[@iamfine75]

Thank you very much maam. Your videos are very helpful.

[@quadtevents8978]

excellent explanation. Thank you!!!

[@ma.rizzasadiwa583]

Well explained.thank you for sharing☺

[@santoshsahu-oy5vo]

Thanks, ma'am. It is really helpfull.

[@murphyslaw2366]

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

[@debopomsaha8694]

thank you clearing my doubt ma'am

[@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 ?

[@vickydon7297]

Tq mam it's too easy 🎉❤

[@purudate4049]

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

[@haridassangale9350]

Thanks🙏

[@iwx0killwala981]

Thank you ☺️

[@michaelmolapo2297]

Thank you for saving eh

[@AbdulMayenSikder]

Thank u so much ❤

[@rizkyindramaulana]

what if you want to find F3 but the second demand is unknown and only demand F1 is known? can we use demand F1?

[@SajidAli-il5og]

Thanks

[@bishwajeetneogi9795]

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

[@aditisinha7081]

That would be given in question

[@jbkofficialreels775]

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

[@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

[@zairimtiaz434]

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

[@maryjoypesodas1983]

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

[@md.bakulmia5791]

Thank you mam❤❤❤

[@samwelmtui9724]

Much helpfully

[@ontorpodder6874]

very helpful

[@wushixunsoo]

Terima kasih❤❤❤❤

[@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).

[@adventurer_stan]

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

[@НикитаЯковлев-й2и]

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

[@sunilvaland7833]

Alpha value not given , how to find this one

[@shacniofficial3729]

Thnk u so much

[@rahulpawar417]

thankyou so much mam !

[@karpagamqtcorner8764]

Most welcome 😊 Rahul

[@relaxingmind34]

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

[@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.

[@AkshayKumar-io2dh]

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

[@kashyapraina6991]

the first formula that the presenter speaks of is wrong. it should be A(t) - F(t).

[@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.

[@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

[@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

[@kazoorajustus3078]

Hey, how would I determine the actual demand for 7

[@mridulphukan]

You cannot

[@20_DUKE_02]

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

[@arzixq]

it wasn't

[@LoiceKariuki-r7b]

that's the second formula..... it'll give same results

[@Ana-wz2fv]

why my professors arent good as you (>

[@TanushPurwar]

I suppose maths is much more important that this :)

[@mustafanaksh3250]

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

[@dil_bole_uttarakhand_]

Thank you so much mam❤

[@RR-lx1ew]

Thanks

[@jafarmohamad9753]

How to calculate the error

[@muhammad_ans1473]

Sales - esm

[@vinmaymhatre6708]

At - ft

[@jbkofficialreels775]

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