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

Table 3

Forecasting errors under Holt’s method.

Smoothing constant alpha (Level)	Smoothing constant gamma (Trend)	MAPE	MAD	MSD
0.1	0.1	15	128	32880.4
0.1	0.2	15.9	136.7	36354.1
0.1	0.3	18	152.1	42391.8
0.2	0.1	14.2	119.8	29969.1
0.2	0.2	16.3	135.5	34575.1
0.2	0.3	17.8	147	38415.1
0.3	0.1	13.2	110.6	27050.4
0.3	0.2	14.5	120.4	30592.1
0.3	0.3	15.1	125.9	33875.7