Exponential smoothing methods are very commonly used for forecasting demand. Regarding the process of forecasting demand, the main approach towards the selection and optimisation of alternative methods relates to the minimisation of forecast error measures such as the mean square error (MSE)....

Exponential smoothing methods are very commonly used for forecasting demand in a supply chain context. When estimating the parameters used in these methods, a common practice is to optimise only the smoothing constants and not the initial parameter values. In this paper we show that if we treat...

A widespread forecasting method within supply chain models is the exponential smoothing method. The use of a particular forecasting method affects the costs of a supply chain. To improve the efficiency of the supply chain costs, this paper introduces the theory of wavelets. An application of...