MILK PRICE PREDICTING WITH HOLT WINTERS AND ORDINARY LEAST SQUARES
In this research, smoothing methods and the Ordinary Least Squares (OLS) method for predicting producer milk prices in Turkey is implemented. Holt-Winters multiplicative (HWM) method and Holt-Winters additive (HWA) method are included in the exponential smoothing methods. Producer milk prices data b...
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| Format: | Article |
| Language: | English |
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University of Agricultural Sciences and Veterinary Medicine, Bucharest
2020-01-01
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| Series: | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| Online Access: | https://managementjournal.usamv.ro/pdf/vol.20_4/Art13.pdf |
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| _version_ | 1849692397750976512 |
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| author | Filiz BASAGAOGLU |
| author_facet | Filiz BASAGAOGLU |
| author_sort | Filiz BASAGAOGLU |
| collection | DOAJ |
| description | In this research, smoothing methods and the Ordinary Least Squares (OLS) method for predicting producer milk prices in Turkey is implemented. Holt-Winters multiplicative (HWM) method and Holt-Winters additive (HWA) method are included in the exponential smoothing methods. Producer milk prices data belong to January 1st, 2010 to December 31st, 2019 period and gathered from the Turkish Statistical Institute. According to the given results, OLS method is fitted the data and has good root mean square error (RMSE) and determination coefficients (R2). |
| format | Article |
| id | doaj-art-979a79a1a3414b98b2db356472a7af25 |
| institution | DOAJ |
| issn | 2284-7995 2285-3952 |
| language | English |
| publishDate | 2020-01-01 |
| publisher | University of Agricultural Sciences and Veterinary Medicine, Bucharest |
| record_format | Article |
| series | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| spelling | doaj-art-979a79a1a3414b98b2db356472a7af252025-08-20T03:20:43ZengUniversity of Agricultural Sciences and Veterinary Medicine, BucharestScientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development2284-79952285-39522020-01-012041051101561MILK PRICE PREDICTING WITH HOLT WINTERS AND ORDINARY LEAST SQUARESFiliz BASAGAOGLUIn this research, smoothing methods and the Ordinary Least Squares (OLS) method for predicting producer milk prices in Turkey is implemented. Holt-Winters multiplicative (HWM) method and Holt-Winters additive (HWA) method are included in the exponential smoothing methods. Producer milk prices data belong to January 1st, 2010 to December 31st, 2019 period and gathered from the Turkish Statistical Institute. According to the given results, OLS method is fitted the data and has good root mean square error (RMSE) and determination coefficients (R2).https://managementjournal.usamv.ro/pdf/vol.20_4/Art13.pdf |
| spellingShingle | Filiz BASAGAOGLU MILK PRICE PREDICTING WITH HOLT WINTERS AND ORDINARY LEAST SQUARES Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| title | MILK PRICE PREDICTING WITH HOLT WINTERS AND ORDINARY LEAST SQUARES |
| title_full | MILK PRICE PREDICTING WITH HOLT WINTERS AND ORDINARY LEAST SQUARES |
| title_fullStr | MILK PRICE PREDICTING WITH HOLT WINTERS AND ORDINARY LEAST SQUARES |
| title_full_unstemmed | MILK PRICE PREDICTING WITH HOLT WINTERS AND ORDINARY LEAST SQUARES |
| title_short | MILK PRICE PREDICTING WITH HOLT WINTERS AND ORDINARY LEAST SQUARES |
| title_sort | milk price predicting with holt winters and ordinary least squares |
| url | https://managementjournal.usamv.ro/pdf/vol.20_4/Art13.pdf |
| work_keys_str_mv | AT filizbasagaoglu milkpricepredictingwithholtwintersandordinaryleastsquares |