ISSN 2394-5125
 

Review Article 


COMPARISON OF FORECASTING ACCURACY RATE OF EXPONENTIAL SMOOTHING METHOD ON ADMISSION OF NEW STUDENTS

Hidayatullah Himawan, Parasian DP Silitonga.

Abstract
Forecasting is a tool or technique used to predict or predict a value in the future by paying attention to relevant data or information, both past data or information as well as current data or information. There are several forecasting methods, one of which is the exponential smoothing method. In this study a comparison of forecasting accuracy to new student admission data in a study program at a university using the single exponential smoothing, double exponential smoothing and triple exponential smoothing methods. The best forecasting using the single exponential smoothing method is obtained when the parameter value α = 0.9 with the mean percentage error (MPE) = 0.0239, while the best forecasting using the double exponential smoothing method is obtained when the parameter value α = 0.8 and β = 1, with an MPE value of 0.1172. The best forecasting using the triple exponential smoothing method is obtained when the values of α = 0.6 and β = 0.9, with an MPE value of 0.0161. Based on the forecasting results of the three methods, it was concluded that the best forecasting obtained in this study was to use the triple exponential smoothing method with an MPE value of 0.0161.

Key words: Exponential Smoothing, Single Exponential Smoothing, Double Exponential Smoothing, Triple Exponential Smoothing, Mean Percentage Error (MPE)


 
ARTICLE TOOLS
Abstract
PDF Fulltext
How to cite this articleHow to cite this article
Citation Tools
Related Records
 Articles by Hidayatullah Himawan
Articles by Parasian DP Silitonga
on Google
on Google Scholar
Article Statistics
 Viewed: 39
Downloaded: 1


How to Cite this Article
Pubmed Style

Hidayatullah Himawan, Parasian DP Silitonga. COMPARISON OF FORECASTING ACCURACY RATE OF EXPONENTIAL SMOOTHING METHOD ON ADMISSION OF NEW STUDENTS. JCR. 2020; 7(2): 268-274. doi:10.31838/jcr.07.02.50


Web Style

Hidayatullah Himawan, Parasian DP Silitonga. COMPARISON OF FORECASTING ACCURACY RATE OF EXPONENTIAL SMOOTHING METHOD ON ADMISSION OF NEW STUDENTS. http://www.jcreview.com/?mno=86854 [Access: February 26, 2020]. doi:10.31838/jcr.07.02.50


AMA (American Medical Association) Style

Hidayatullah Himawan, Parasian DP Silitonga. COMPARISON OF FORECASTING ACCURACY RATE OF EXPONENTIAL SMOOTHING METHOD ON ADMISSION OF NEW STUDENTS. JCR. 2020; 7(2): 268-274. doi:10.31838/jcr.07.02.50



Vancouver/ICMJE Style

Hidayatullah Himawan, Parasian DP Silitonga. COMPARISON OF FORECASTING ACCURACY RATE OF EXPONENTIAL SMOOTHING METHOD ON ADMISSION OF NEW STUDENTS. JCR. (2020), [cited February 26, 2020]; 7(2): 268-274. doi:10.31838/jcr.07.02.50



Harvard Style

Hidayatullah Himawan, Parasian DP Silitonga (2020) COMPARISON OF FORECASTING ACCURACY RATE OF EXPONENTIAL SMOOTHING METHOD ON ADMISSION OF NEW STUDENTS. JCR, 7 (2), 268-274. doi:10.31838/jcr.07.02.50



Turabian Style

Hidayatullah Himawan, Parasian DP Silitonga. 2020. COMPARISON OF FORECASTING ACCURACY RATE OF EXPONENTIAL SMOOTHING METHOD ON ADMISSION OF NEW STUDENTS. Journal of Critical Reviews, 7 (2), 268-274. doi:10.31838/jcr.07.02.50



Chicago Style

Hidayatullah Himawan, Parasian DP Silitonga. "COMPARISON OF FORECASTING ACCURACY RATE OF EXPONENTIAL SMOOTHING METHOD ON ADMISSION OF NEW STUDENTS." Journal of Critical Reviews 7 (2020), 268-274. doi:10.31838/jcr.07.02.50



MLA (The Modern Language Association) Style

Hidayatullah Himawan, Parasian DP Silitonga. "COMPARISON OF FORECASTING ACCURACY RATE OF EXPONENTIAL SMOOTHING METHOD ON ADMISSION OF NEW STUDENTS." Journal of Critical Reviews 7.2 (2020), 268-274. Print. doi:10.31838/jcr.07.02.50



APA (American Psychological Association) Style

Hidayatullah Himawan, Parasian DP Silitonga (2020) COMPARISON OF FORECASTING ACCURACY RATE OF EXPONENTIAL SMOOTHING METHOD ON ADMISSION OF NEW STUDENTS. Journal of Critical Reviews, 7 (2), 268-274. doi:10.31838/jcr.07.02.50





Most Viewed Articles
  • ANALYTICAL RESULTS OF SLOPE FAILURE AND EFFECTIVE USE OF FLYCAM DATA: A CASE STUDY FROM KM 11 TO KM 13 ON THE 3B HIGHWAY, BACKAN PROVINCE OF VIETNAM
    VIETHA NGUYEN, HONGTHINH PHI, TRUONGTHANH PHI*
    JCR. 2020; 7(1): 1-5
    » Abstract » doi: 10.22159/jcr.07.01.01

  • ZOOTHERAPY AMONG THE ETHNIC GROUPS OF NORTH EASTERN REGION OF INDIA-A CRITICAL REVIEW
    KHIROD SANKAR DAS, SUDIPTA CHOUDHURY, K. CHANREILA L. NONGLAIT
    JCR. 2017; 4(2): 1-9
    » Abstract » doi: 10.22159/jcr.2017v4i2.14698

  • CADMIUM NANOPARTICLES AND ITS TOXICITY
    RAJNISH GUPTA
    JCR. 2019; 6(5): 1-7
    » Abstract » doi: 10.22159/jcr.2019v6i5.34073

  • ADVANCES OF HYDRAZONE LINKER IN POLYMERIC DRUG DELIVERY
    SHIVSHANKAR R. MANE
    JCR. 2019; 6(2): 1-4
    » Abstract » doi: 10.22159/jcr.2019v6i2.31833

  • RECENT THERAPEUTIC PROGRESS OF CHALCONE SCAFFOLD BEARING COMPOUNDS AS PROSPECTIVE ANTI-GOUT CANDIDATES
    DEBARSHI KAR MAHAPATRA, VIVEK ASATI, SANJAY KUMAR BHARTI
    JCR. 2019; 6(1): 1-5
    » Abstract » doi: 10.22159/jcr.2019v6i1.31760

  • HYDROGEL: AN UPDATED PRIMER
    LALITA DEVI, PUNAM GABA
    JCR. 2019; 6(4): 1-10
    » Abstract » doi: 10.22159/jcr.2019v6i4.33266

  • A REVIEW ON PPROM (PRETERM PRELABOUR RUPTURE OF MEMBRANES) AND EARLY ONSET NEONATAL SEPSIS AND ROLE OF INFLAMMATORY MARKERS IN DIAGNOSIS OF MATERNAL AND NEONATAL INFECTION
    MANASVI BOMMAREDDY, SHRIPAD HEBBAR
    JCR. 2019; 6(3): 7-13
    » Abstract » doi: 10.22159/jcr.2019v6i3.31792

  • AN OVERVIEW ON MEDICINAL PLANTS FOR THE TREATMENT OF ACNE
    D. MANOGNA REDDY, VIKAS JAIN
    JCR. 2019; 6(6): 7-14
    » Abstract » doi: 10.22159/jcr.2019v6i6.35696

  • Review Article DOSAGE FORMS OF HERBAL MEDICINAL PRODUCTS AND THEIR STABILITY CONSIDERATIONS-AN OVERVIEW
    DORIS KUMADOH, KWABENA OFORI-KWAKYE
    JCR. 2017; 4(4): 1-8
    » Abstract » doi: 10.22159/jcr.2017v4i4.16077

  • QUANTITATIVE ANALYSIS OF BIOLOGICAL NITROGEN FIXATION IN VARIOUS MODELS OF LEGUMES AND THE FACTORS INFLUENCING THE PROCESS: A REVIEW
    SAMEER SHARMA, ANIKET MALAGE, SIBI G.
    JCR. 2019; 6(6): 24-28
    » Abstract » doi: 10.22159/jcr.2019v6i6.35637

  • Most Downloaded
  • ANALYTICAL RESULTS OF SLOPE FAILURE AND EFFECTIVE USE OF FLYCAM DATA: A CASE STUDY FROM KM 11 TO KM 13 ON THE 3B HIGHWAY, BACKAN PROVINCE OF VIETNAM
    VIETHA NGUYEN, HONGTHINH PHI, TRUONGTHANH PHI*
    JCR. 2020; 7(1): 1-5
    » Abstract » doi: 10.22159/jcr.07.01.01

  • CADMIUM NANOPARTICLES AND ITS TOXICITY
    RAJNISH GUPTA
    JCR. 2019; 6(5): 1-7
    » Abstract » doi: 10.22159/jcr.2019v6i5.34073

  • Multi Drug Resistance in Cancer Therapy-An Overview
    HARISH KADKOL, VIKAS JAIN, AMIT B PATIL*
    JCR. 2019; 6(6): 1-6
    » Abstract » doi: 10.22159/jcr.2019v6i6.35673

  • AN OVERVIEW ON MEDICINAL PLANTS FOR THE TREATMENT OF ACNE
    D. MANOGNA REDDY, VIKAS JAIN
    JCR. 2019; 6(6): 7-14
    » Abstract » doi: 10.22159/jcr.2019v6i6.35696

  • FACTORS INFLUENCING HEAVY METAL REMOVAL BY MICROALGAE-A REVIEW
    SIBI G.
    JCR. 2019; 6(6): 29-32
    » Abstract » doi: 10.22159/jcr.2019v6i6.35600

  • QUANTITATIVE ANALYSIS OF BIOLOGICAL NITROGEN FIXATION IN VARIOUS MODELS OF LEGUMES AND THE FACTORS INFLUENCING THE PROCESS: A REVIEW
    SAMEER SHARMA, ANIKET MALAGE, SIBI G.
    JCR. 2019; 6(6): 24-28
    » Abstract » doi: 10.22159/jcr.2019v6i6.35637

  • A SCOPING REVIEW OF THE UNMET NEEDS FOR PHYSIOTHERAPY SERVICES FOR THE PEDIATRIC POPULATION IN CANADA
    MELANIE LYONS, ANNE STOKES, JUSTIN PARKER, SANDRA HANNA, SARAH WOJKOWSKI
    JCR. 2019; 6(6): 15-23
    » Abstract » doi: 10.22159/jcr.2019v6i6.35257

  • HYDROGEL: AN UPDATED PRIMER
    LALITA DEVI, PUNAM GABA
    JCR. 2019; 6(4): 1-10
    » Abstract » doi: 10.22159/jcr.2019v6i4.33266

  • A REVIEW ON PPROM (PRETERM PRELABOUR RUPTURE OF MEMBRANES) AND EARLY ONSET NEONATAL SEPSIS AND ROLE OF INFLAMMATORY MARKERS IN DIAGNOSIS OF MATERNAL AND NEONATAL INFECTION
    MANASVI BOMMAREDDY, SHRIPAD HEBBAR
    JCR. 2019; 6(3): 7-13
    » Abstract » doi: 10.22159/jcr.2019v6i3.31792

  • RECENT THERAPEUTIC PROGRESS OF CHALCONE SCAFFOLD BEARING COMPOUNDS AS PROSPECTIVE ANTI-GOUT CANDIDATES
    DEBARSHI KAR MAHAPATRA, VIVEK ASATI, SANJAY KUMAR BHARTI
    JCR. 2019; 6(1): 1-5
    » Abstract » doi: 10.22159/jcr.2019v6i1.31760

  • Most Cited Articles
  • ZOOTHERAPY AMONG THE ETHNIC GROUPS OF NORTH EASTERN REGION OF INDIA-A CRITICAL REVIEW
    KHIROD SANKAR DAS, SUDIPTA CHOUDHURY, K. CHANREILA L. NONGLAIT
    JCR. 2017; 4(2): 1-9
    » Abstract » doi: 10.22159/jcr.2017v4i2.14698
    Cited : 1 time [Click to see citing article]