A Study of Time Series Model for Predicting Jute Yarn Demand: Case Study

Table 2

Forecasting errors under SES method.

Value of smoothing constant (alpha)	MAPE	MAD	MSD
0.1	13.1	116.8	29939.5
0.2	12.6	109.1	26144.4
0.3	11.8	101.1	23576.3
0.4	10.8	92.2	21390.4
0.5	9.8	82.7	19528.3
0.6	8.7	73.6	18003.7
0.7	7.8	65.7	16822.2
0.8	7.1	59.1	15977.1
0.9	6.5	53.6	15457