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Time Series Model Forecasting of Boot using Holt, Winter and Decomposition MethodBy Amrit Pal Singh, Manoj Kumar Gaur, Sharad Agrawal, Dinesh Kumar Kasdekar
Abstract: In business scenario, sales forecasting is very essential due to volatile demand of products. Because of the uncertainty with demand and supply, forecasting of shoe industry is required. Normally retail sales series contains trend and seasonal patterns, presenting challenges in developing effective forecasting models. This study compares the application of three forecasting methods like Holt’s, winters and Decomposition method to forecast the sale of boot. Best method is selected on …
Published in Journal of Industrial Safety Engineering · Vol. 2, Issue 2, 2015 · pp. 23–31 Read article →