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Calculates the Additive or Multiplicative Holt's Method for Time Series with Trend

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Forecasting-03-Holt

This Function is an Implementation of the Holt Method for Time Series with Trend. If Necessary it Can Also Return the Best values for Alpha and Beta.

  • timeseries = The dataset in a Time Series format.

  • alpha = Level smoothing parameter. The default value is 0.2

  • beta = Trend smoothing parameter. The default value is 0.1

  • graph = If True then the original dataset and the moving average curves will be plotted. The default value is True.

  • horizon = Calculates the prediction h steps ahead. The default value is 0.

  • trend = Indicates the types of trend: "additive", "multiplicative" or "none". The default value is "multiplicative".

Finally a brute force optimization can be done by calling the "optimize_holt" function.

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Calculates the Additive or Multiplicative Holt's Method for Time Series with Trend

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