on 11-21-2008 4:59 PM
what is the model initialization ? how many periods of the data require to initialize the diff models?
Thanks & regards
Ravi
Model initialization is the process of determining the necessary model parameters ¾ such as the basic value, the trend value, and the seasonal indices ¾ for the selected forecast model. Initialization takes place each time a planning time series is forecasted.
As a general rule, the forecast model is initialized automatically. In order to do this, the system requires a certain number of historical values. This number depends on the forecast model,like
Constant model -1
Trend model -3
Seasonal model- 1 season
Seasonal trend model: 1 season + 3
2nd-order exponential smoothing: 3
Moving average: 1
Weighted moving average 1
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