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Performance Analysis of the Triple Exponential Smoothing Method during the Covid19 Pandemic on Tourist Visit Data
1st International Conference on Information System and Information Technology, ICISIT 2022 ; : 358-363, 2022.
Article in English | Scopus | ID: covidwho-2052002
ABSTRACT
Data forecasting methods are essential in the business world to determine the company's future steps. However, the COVID-19 pandemic has hit the tourism economy hard, resulting in a slump in income. In this study, trials were conducted to analyze the reliability of forecasting methods on data affected by the COVID-19 pandemic. The method used is the Triple Exponential Smoothing method involving two models, namely Additive and Multiplicative. In this paper, the test is carried out using actual data derived from data from a service company engaged in tourist crossing transportation. Each method's alpha, beta, and gamma values are determined based on the parameters that produce the smallest error value. The experiment results show the predictability of the Triple Exponential Smoothing method by measuring the prediction error value based on the Mean Absolute Percentage Error (MAPE) value, which was 7.56% in the Additive model and 10.32% in the Multiplicative model before the pandemic happened. However, both methods' prediction measurements during a pandemic produce poor forecasts with an error percentage above 40%. Meanwhile, during the decline in pandemic cases, the value of the Triple Exponential Smoothing Multiplicative method was closer to the actual data with a prediction error value of 33.02%. Therefore, the Triple Exponential Smoothing Multiplicative method is more resistant and suitable for implementing into a forecasting system with actual data that influences pandemic events. © 2022 IEEE.
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Full text: Available Collection: Databases of international organizations Database: Scopus Language: English Journal: 1st International Conference on Information System and Information Technology, ICISIT 2022 Year: 2022 Document Type: Article

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Full text: Available Collection: Databases of international organizations Database: Scopus Language: English Journal: 1st International Conference on Information System and Information Technology, ICISIT 2022 Year: 2022 Document Type: Article