Social Science Learning Education Journal http://innovativejournal.in/index.php/sslej en-US Wed, 13 Feb 2019 13:00:14 +0000 OJS 3.1.1.2 http://blogs.law.harvard.edu/tech/rss 60 Optimization Best Method Selection for Times Series Data Forecasting in Production Management http://innovativejournal.in/index.php/sslej/article/view/2438 <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> Rorim Panday ##submission.copyrightStatement## http://innovativejournal.in/index.php/sslej/article/view/2438 Wed, 13 Feb 2019 00:00:00 +0000