Modification of Holt's model exemplified by the transport of goods by inland waterways transport

Roman Szostek
2012 Scientific Journals of Rzeszów University of Technology Series Management and Marketing  
In the paper there were presented the modifications of Holt's method. Firstly, it was assumed that the values of the parameters appearing in Holt's model do not need to be limited, as is commonly assumed, to the range of [0, 1]. Secondly, it was proposed the more precise way of forecting of range series for more distant time. The aim of the paper is to propose some modifications to Holt's model which will allow for better forecasting. The paper presents an idea and the effects of the proposed
more » ... s of the proposed modifications exemplified by the data on the transport of goods by inland waterways transport in Poland.
doi:10.7862/rz.2012.zim.29 fatcat:qunvebvypvhknjmhpmmuscs5im