Table 1: Holt-Winters’ Parameters Calculated from Calibration Data Set.

α β γ ϕ σ AIC AICc BIC MAPE
Holt-Winters’ Additive Method 0.472 0.0025 0.084 - 7387.43 14994.18 14994.70 15047.30 8.57
Holt-Winters’ Multiplicative Method 0.458 0.0028 0.060 - 0.1141 15048.62 15049.14 15101.74 8.30
Holt-Winters’ Damped Additive Method 0.465 1e-04 0.083 0.867 7360.59 14990.67 14991.27 15048.21 8.55
Holt-Winters’ Damped Multiplicative Method 0.492 1e-04 0.016 0.975 0.1131 15038.51 15039.12 15096.06 8.29