Abstract: Sales is an important aspect of running a commercial business. To increase sales, it must be accompanied by adequate availability of goods so that consumer needs can be met. However, the ...

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 ...

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 ...

1 Faculty of Electronics and Computer Technology and Engineering, Universiti Teknikal Malaysia Melaka, Melaka, Malaysia. 2 Petroliam Nasional Berhad (PETRONAS), Kuala Lumpur, Malaysia. Forecasting ...

In the STEPAR method, PROC FORECAST first fits a time trend model to the series and takes the difference between each value and the estimated trend. (This process is called detrending.) Then, the ...

ABSTRACT: Forecasting fuel prices is a critical endeavor in energy economics, with significant implications for policy formulation, market regulation, and consumer decision-making. This study ...