http://innovativejournal.in/index.php/sslej/issue/feed Social Science Learning Education Journal 2019-02-13T13:04:30+00:00 Open Journal Systems http://innovativejournal.in/index.php/sslej/article/view/2438 Optimization Best Method Selection for Times Series Data Forecasting in Production Management 2019-02-13T13:04:30+00:00 Rorim Panday anjali.pal1717@gmail.com <p>Forecasting is widely used in business, to predict future sales, use of raw materials,<br>determine the amount of production, estimate financial needs, and human resource<br>needs. Basically, forecasting is done to minimize business risks. The time series data<br>is most widely used in business. There are many forecasting methods, however, not all<br>forecasting methods are suitable for particular data. In this paper, we present how to<br>choose a forecasting method that is fit for a particular data. The principle of selecting<br>a fit model is to compare standard deviations between one method and another.</p> 2019-02-13T00:00:00+00:00 ##submission.copyrightStatement##