BookmarkSubscribeRSS Feed
parmis
Fluorite | Level 6

Hello,

I'm using an expo model to forecast a variable monthly for a year. The problem is I get the exact same number for every month. I figured If I change the trend number to 2 or 3 then I get different forecast numbers every month but the forecast wouldn't be accurate. I have a constant model with a very slow moving trend so I thought trend=1 would be the right choise. any suggestions on how to handle this issue?

 

proc forecast data=have interval=month lead=12

method=expo weight=0.2 trend=1

out=want outset=est;

var price;

id date;

run;

Thanks!

2 REPLIES 2
mitrov
SAS Employee

PROC FORECAST is superseded by PROC ESM. PROC ESM optimizes the weights of the smoothing model. I recommend you use PROC ESM instead. 

sas-innovate-white.png

Register Today!

Join us for SAS Innovate 2025, our biggest and most exciting global event of the year, in Orlando, FL, from May 6-9.

 

Early bird rate extended! Save $200 when you sign up by March 31.

Register now!

Discussion stats
  • 2 replies
  • 1096 views
  • 0 likes
  • 3 in conversation