Modern Management Review
(dawna nazwa: Zarządzanie i Marketing)
19 (4/2012), DOI: 10.7862/rz.2012.zim.29
Modification of Holt’s model exemplified by the transport of goods by inland waterways transport
Roman Szostek
DOI: 10.7862/rz.2012.zim.29
Abstract
In the paper there were presented the modifications of Holt’s method. Firstly, it was assumed
that the values of the parameters appearing in Holt’s model do not need to be limited,
as is commonly assumed, to the range of [0, 1]. Secondly, it was proposed the more precise
way of forecting of range series for more distant time. The aim of the paper is to propose
some modifications to Holt’s model which will allow for better forecasting. The paper presents
an idea and the effects of the proposed modifications exemplified by the data on the
transport of goods by inland waterways transport in Poland.
References
[1] Central Statistical Office – Transport – activity results,
http://www.stat.gov.pl/cps/rde/xbcr/szczec/ASSETS_sygnalna_transport_wodny_2011_pop.pdf
[2] Central Statistical Office – Transport – activity results,
http://www.stat.gov.pl/cps/rde/xbcr/gus/PUBL_til_transport_wyniki_dzialalnosci_2010.pdf
About this Article
TITLE:
Modification of Holt’s model exemplified by the transport of goods by inland waterways transport
AUTHORS:
Roman Szostek
AUTHORS AFFILIATIONS:
Department of Quantitative Methods, The Faculty of Management, Rzeszow
University of Technology.
JOURNAL:
Modern Management Review
19 (4/2012)
KEY WORDS AND PHRASES:
Holt’s method, optimization, forecasting.
FULL TEXT:
http://doi.prz.edu.pl/pl/pdf/zim/11
DOI:
10.7862/rz.2012.zim.29
URL:
http://dx.doi.org/10.7862/rz.2012.zim.29
COPYRIGHT:
Publishing House of Rzeszow University of Technology Powstańców Warszawy 12, 35-959 Rzeszow