Description
Computes a double exponentially smoothed version of the input Block over the ranking Dimension.
Syntax
DOUBLE_EXPONENTIAL_SMOOTHING(Input Block [, Ranking Dimension [, alpha, beta])
Arguments
Argument | Type | Dimensions | Description |
|---|---|---|---|
Input Block (required) | Number | Any Dimensions | This is the data source which will be smoothed. The Metric must be defined at least on the |
Ranking Dimension (optional) | Dimension | NA | This is a Dimension applied to the time series taken in the |
alpha (optional) | Number | no Dimension | Data smoothing factor, with a value between 0 and 1. The default value is 0.25 . |
beta (optional) | Number | no Dimension | Trend smoothing factor, with a value between 0 and 1. The default value is 0.1 . |
Returns
Type | Dimensions |
|---|---|
Number | Dimensions of Input Block |
Before the first non-blank value of the input Block, the function returns blank.
Between the first and the last non-blank value of the input Block, the function returns the value of the F series computed with the following process:
After the last non-blank value of the input Block, the function returns the linear function result using the last slope and intercept computed.
Blank observations (in the input Block) between the first non-blank value and the last non-blank values are considered as 0.
Examples
Formula | Description |
|---|---|
| Returned values are explained in the Returns section above. |
|
Example:
Using Exponential Smoothing as Forecasting Function
A common use case for using the DOUBLE_EXPONENTIAL_SMOOTHING function is to prepare a forecast. It’s a good method when your observation series shows a trend and no specific seasonality.
In that case the last smoothed value of the series is a good estimation of the next forecasted value. To do so you just need to offset the result by 1 period with this syntax:
DOUBLE_EXPONENTIAL_SMOOTHING(Observations)[SELECT: Month -1]
See also
Excel: no equivalent
Related articles: SIMPLE_EXPONENTIAL_SMOOTHING
References: Wikipedia Exponential Smoothing