2.4 Time series forecasting methods Use historical demand only Best with stable demand Include >Moving Average >Simple exponential smoothing >Holt's method:exponential smoothing with trend >Winter's Method:exponential smoothing with seasonality Appropriate when the basic demand pattern does not vary significantly from one year to the next. SEIEE AU406 Supply Chain Management 82.4 Time series forecasting methods ◦ Use historical demand only ◦ Best with stable demand ◦ Include  Moving Average Simple exponential smoothing Holt’s method: exponential smoothing with trend Winter’s Method: exponential smoothing with seasonality Appropriate when the basic demand pattern does not vary significantly from one year to the next. SEIEE AU406 Supply Chain Management 8