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A New Hybrid Model Based on Triple Exponential Smoothing and Fuzzy Time Series for Forecasting Seasonal Time Series

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Abstract

Triple exponential smoothing is one of the prominent linear models for seasonal time series forecasting. Fuzzy time series forecasting is originated as a new advent for forecasting the data which is imprecise and vague. In this work, we proposed a methodology using both triple exponential smoothing and fuzzy time series. It has the advantage of modelling aspects in linear and non-linear setup. Empirical results with real-world data sets show that the hybrid model is an efficient one based on forecasting accuracy than the component models used individually.

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Saleena, A.J., Jessy John, C. (2020). A New Hybrid Model Based on Triple Exponential Smoothing and Fuzzy Time Series for Forecasting Seasonal Time Series. In: Deo, N., Gupta, V., Acu, A., Agrawal, P. (eds) Mathematical Analysis II: Optimisation, Differential Equations and Graph Theory. ICRAPAM 2018. Springer Proceedings in Mathematics & Statistics, vol 307. Springer, Singapore. https://doi.org/10.1007/978-981-15-1157-8_16

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