| Chatfield, C., The Analysis of Time Series: An Introduction Chapman and Hall, London, 2nd ed., 1980. |
....performance with the right choice of model. Smoothing procedures discount past observations in predicting future data, but the manner in which past data is discounted is ad hoc [6] 2 The exponential smoothing procedure is a simple method to forecast future data based on past observations [8]. In this method, previous observations are discounted such that recent observations are given more weights and observations further in the past are given less weight. The weights decrease by a constant ratio, and thus lie on an exponential curve. This method, however, can be used only for ....
Chatfield, C., The Analysis of Time Series: An Introduction Chapman and Hall, London, 2nd ed., 1980.
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