#20 Lecture 11B | Seasonality & Trend | Winter's Holt Method

Welcome to 'Jan 2024 Business Forecasting' course ! Time to put the Winters' Holt method into practice! This lecture walks you through a real world example using sales data. You'll learn how to calculate the seasonal index, set initial values for the model, and iteratively update the components for optimal forecasting accuracy. We'll also compare the multiplicative and additive versions of the Winters' Holt method, helping you choose the best approach for your data. NPTEL Courses permit certifications that can be used for Course Credits in Indian Universities as per the UGC and AICTE notifications. To understand various certification options for this course, please visit https://nptel.ac.in/courses/110101438 #WintersHoltMethod #TimeSeriesAnalysis #SeasonalIndex #ForecastingTechniques