• Title/Summary/Keyword: Holt-Winters

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An Empirical Comparison of Initialization Methods for Holt-Winters Model with Railway Passenger Demand Data (철도여객수요예측을 위한 Holt-Winters모형의 초기값 설정방법 비교)

  • 김성호;홍순흠
    • Proceedings of the KSR Conference
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    • 2001.10a
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    • pp.97.1-103
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    • 2001
  • Railway passenger demand forecasts may be used directly, or as inputs to other optimization model which is use the demand forecasts to produce estimates of other activities. The optimization models require demand forecasts at the most detailed level. In this environment exponential smoothing forecasting methods such as Holt-Winters are appropriate because it is simple and inexpensive in terms of computation. There are several initialization methods for Holt-Winters Model. The purpose of this paper is to compare the initialization methods for Holt-Winters model.

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An Empirical Comparison among Initialization Methods of Holt-Winters Model for Railway Passenger Demand Forecast (철도여객수요예측을 위한 Holt-Winters모형의 초기값 설정방법 비교)

  • 최태성;김성호
    • Journal of the Korean Society for Railway
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    • v.7 no.1
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    • pp.9-13
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    • 2004
  • Railway passenger demand forecasts may be used directly, or as inputs to other optimization models use them to produce estimates of other activities. The optimization models require demand forecasts at the most detailed level. In this environment exponential smoothing forecasting methods such as Holt-Winters are appropriate because it is simple and inexpensive in terms of computation. There are several initialization methods for Holt-Winters Model. The purpose of this paper is to compare the initialization methods for Holt-Winters model.

A Study on Performance Analysis of Short Term Internet Traffic Forecasting Models (단기 측정 인터넷 트래픽 예측을 위한 모형 성능 비교 연구)

  • Ha, M.H.;Son, H.G.;Kim, S.
    • Communications for Statistical Applications and Methods
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    • v.19 no.3
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    • pp.415-422
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    • 2012
  • In this paper, we first the compare the performance of Holt-Winters, FSARIMA, AR-GARCH and Seasonal AR-GARCH models with in the short term based data. The results of the compared data show that the Holt-Winters model outperformed other models in terms of forecasting accuracy.

The Performance of Time Series Models to Forecast Short-Term Electricity Demand

  • Park, W.G.;Kim, S.
    • Communications for Statistical Applications and Methods
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    • v.19 no.6
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    • pp.869-876
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    • 2012
  • In this paper, we applied seasonal time series models such as ARIMA, FARIMA, AR-GARCH and Holt-Winters in consideration of seasonality to forecast short-term electricity demand data. The results for performance evaluation on the time series models show that seasonal FARIMA and seasonal Holt-Winters models perform adequately under the criterion of Mean Absolute Percentage Error(MAPE).

Performance Evaluation of Time Series Models using Short-Term Air Passenger Data

  • Park, W.G.;Kim, S.
    • The Korean Journal of Applied Statistics
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    • v.25 no.6
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    • pp.917-923
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    • 2012
  • We perform a comparison of time series models that include seasonal ARIMA, Fractional ARIMA, and Holt-Winters models; in addition, we also consider hourly and daily air passenger data. The results of the performance evaluation of the models show that the Holt-Winters methods outperforms other models in terms of MAPE.

A Study on the Tourism Combining Demand Forecasting Models for the Tourism in Korea (관광 수요를 위한 결합 예측 모형에 대한 연구)

  • Son, H.G.;Ha, M.H.;Kim, S.
    • The Korean Journal of Applied Statistics
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    • v.25 no.2
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    • pp.251-259
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    • 2012
  • This paper applies forecasting models such as ARIMA, Holt-Winters and AR-GARCH models to analyze daily tourism data in Korea. To evaluate the performance of the models, we need single and double seasonal models that compare the RMSE and SE for a better accuracy of the forecasting models based on Armstrong (2001).

Performance Analysis of Internet Traffic Forecasting Model (인터넷 트래픽 예측 모형 성능 분석 연구)

  • Kim, S.;Ha, M.H.;Jung, J.Y.
    • The Korean Journal of Applied Statistics
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    • v.24 no.2
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    • pp.307-313
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    • 2011
  • In this paper, we compare performance of three models. The Holt-Winters, FARIMA and ARGARCH models, are used in predicting internet traffic data for analysis of traffic characteristics. We first introduce the time series models and apply them to real traffic data to forecast. Finally, we examine which model is the most suitable for explaining the long memory, the characteristics of the traffic material, and compare the respective prediction performance of the models.

Daily Peak Load Forecasting for Electricity Demand by Time series Models (시계열 모형을 이용한 일별 최대 전력 수요 예측 연구)

  • Lee, Jeong-Soon;Sohn, H.G.;Kim, S.
    • The Korean Journal of Applied Statistics
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    • v.26 no.2
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    • pp.349-360
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    • 2013
  • Forecasting the daily peak load for electricity demand is an important issue for future power plants and power management. We first introduce several time series models to predict the peak load for electricity demand and then compare the performance of models under the RMSE(root mean squared error) and MAPE(mean absolute percentage error) criteria.

Development of Demand Forecasting Model for Seoul Shared Bicycle (서울시 공유자전거의 수요 예측 모델 개발)

  • Lim, Heejong;Chung, Kwanghun
    • The Journal of the Korea Contents Association
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    • v.19 no.1
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    • pp.132-140
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    • 2019
  • Recently, many cities around the world introduced and operated shared bicycle system to reduce the traffic and air pollution. Seoul also provides shared bicycle service called as "Ddareungi" since 2015. As the use of shared bicycle increases, the demand for bicycle in each station is also increasing. In addition to the restriction on budget, however, there are managerial issues due to the different demands of each station. Currently, while bicycle rebalancing is used to resolve the huge imbalance of demands among many stations, forecasting uncertain demand at the future is more important problem in practice. In this paper, we develop forecasting model for demand for Seoul shared bicycle using statistical time series analysis and apply our model to the real data. In particular, we apply Holt-Winters method which was used to forecast electricity demand, and perform sensitivity analysis on the parameters that affect on real demand forecasting.

Forecasting number of student by Holt-Winters additive model (홀트-윈터스 가법모형에 의한 전국 학생수 예측)

  • Kim, Jong-Tae
    • Journal of the Korean Data and Information Science Society
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    • v.20 no.4
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    • pp.685-694
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    • 2009
  • The idea of this paper is to get the time series data from the number of student on the elementary, meddle and high-school for the forecasting of the numbers of student. Tow models, model A and model B, of time series data are obtained. The Holt-Winters additive methods are used for the forecasting of the numbers of student with the model A and model B until 2019 year. As the result, the abilities of forecasting on model A and B are better than those of the Korean education statistical system 2007.

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