Volume 3, Issue 6, December 2015, Page: 257-262
Holt-Winters Forecasting Method That Takes into Account the Effect of Eid
Bustami , Department of Mathematics, University of Riau, Pekanbaru, Indonesia
Hadi Irawansyah, Department of Mathematics, University of Riau, Pekanbaru, Indonesia
M. D. H. Gamal, Department of Mathematics, University of Riau, Pekanbaru, Indonesia
Received: Nov. 13, 2015;       Accepted: Nov. 25, 2015;       Published: Dec. 14, 2015
DOI: 10.11648/j.sjams.20150306.15      View  4415      Downloads  71
Abstract
This paper discusses the Holt-Winters forecasting method that takes into account the effect of Eid. This method is used to predict the total domestic passengers departing in five major ports in Indonesia. Then a comparison is carried out between Holt-Winters method and Holt-Winters method that takes into account the effect of Eid. The comparison is done by comparing the mean square error obtained by both methods of forecasting, and it shows that the modified method provides better forcasting results.
Keywords
Forecasting, Holt-Winters Method, Effect of Eid, Mean Square Error
To cite this article
Bustami , Hadi Irawansyah, M. D. H. Gamal, Holt-Winters Forecasting Method That Takes into Account the Effect of Eid, Science Journal of Applied Mathematics and Statistics. Vol. 3, No. 6, 2015, pp. 257-262. doi: 10.11648/j.sjams.20150306.15
Copyright
Copyright © 2015 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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