forecast (version 5.7)

ses: Exponential smoothing forecasts

Description

Returns forecasts and other information for exponential smoothing forecasts applied to x.

Usage

ses(x, h=10, level=c(80,95), fan=FALSE, 
    initial=c("optimal","simple"), alpha=NULL, ...)
holt(x, h=10, damped=FALSE, level=c(80,95), fan=FALSE, 
    initial=c("optimal","simple"), exponential=FALSE,
    alpha=NULL, beta=NULL, ...)
hw(x, h=2*frequency(x), seasonal="additive", damped=FALSE, 
    level=c(80,95), fan=FALSE, initial=c("optimal","simple"), 
    exponential=FALSE, alpha=NULL, beta=NULL, gamma=NULL, ...)

Arguments

x

a numeric vector or time series

h

Number of periods for forecasting.

damped

If TRUE, use a damped trend.

seasonal

Type of seasonality in hw model. "additive" or "multiplicative"

level

Confidence level for prediction intervals.

fan

If TRUE, level is set to seq(50,99,by=1). This is suitable for fan plots.

initial

Method used for selecting initial state values. If optimal, the initial values are optimized along with the smoothing parameters using ets. If simple, the initial values are set to val

exponential

If TRUE, an exponential trend is fitted. Otherwise, the trend is (locally) linear.

alpha

Value of smoothing parameter for the level. If NULL, it will be estimated.

beta

Value of smoothing parameter for the trend. If NULL, it will be estimated.

gamma

Value of smoothing parameter for the seasonal component. If NULL, it will be estimated.

...

Other arguments passed to forecast.ets.

Value

• An object of class "forecast".

  The function summary is used to obtain and print a summary of the results, while the function plot produces a plot of the forecasts and prediction intervals.

  The generic accessor functions fitted.values and residuals extract useful features of the value returned by ets and associated functions.

  An object of class "forecast" is a list containing at least the following elements:

• model
  A list containing information about the fitted model
• method
  The name of the forecasting method as a character string
• mean
  Point forecasts as a time series
• lower
  Lower limits for prediction intervals
• upper
  Upper limits for prediction intervals
• level
  The confidence values associated with the prediction intervals
• x
  The original time series (either object itself or the time series used to create the model stored as object).
• residuals
  Residuals from the fitted model. That is x minus fitted values.
• fitted
  Fitted values (one-step forecasts)

Details

ses, holt and hw are simply convenient wrapper functions for forecast(ets(...)).

References

Hyndman, R.J., Koehler, A.B., Ord, J.K., Snyder, R.D. (2008) Forecasting with exponential smoothing: the state space approach, Springer-Verlag: New York. http://www.exponentialsmoothing.net.

Hyndman, R.J., Athanasopoulos (2014) Forecasting: principles and practice, OTexts: Melbourne, Australia. http://www.otexts.org/fpp.

See Also

ets, HoltWinters, rwf, arima.

Examples

fcast <- holt(airmiles)
plot(fcast)
deaths.fcast <- hw(USAccDeaths,h=48)
plot(deaths.fcast)