Horti-Business Management (2+0)

Other techniques

• There are also other methods also known as "time-series" methods. They project or extrapolate historical values of the variable being forecasted into the future by identifying past patterns. The table below lists the most common time series models.
Model Type	Most Suited Data Types	Forecast Horizon	Shelf Life of Model
Exponential Smoothing	No Trend, Varying Levels	Short	Short
Holt's Method	Varying Trends, Varying Levels, No Seasonality	Short	Short
Winter's Method	Varying Trends, Varying Levels and Seasonality	Short to Medium	Medium
ARIMA	Varying Trends, Varying Levels, Seasonality	Short to Medium	Long