Comments

Comments on Brightwork Articles on Alpha Beta Gamma in Forecasting

Executive Summary

  • This article contains comments from articles on alpha, beta gamma in forecasting.

Introduction

These comments are in response to the articles on alpha, beta gamma in forecasting.

Comment #1: Thomas S

Hello, I would like to understand the range of alpha, beta and gamma.

These are simply weighing factors. Combined they cannot exceed “1”. In your example, if the Alpha were .8, then almost all the weight would be applied to the most recent values. This would be like telling the forecasting application to apply a very recent moving average, for instance, last month, and to not consider other factors. The exponential smoothing values are where you tell the forecasting model what to emphasize and what to de-emphasize.

Would You Like to Comment and Have it Added to This Thread?

Just provide your comment in the chatbox in the lower left of this screen.