Forecasting of water consumptions expenditure using Holt Winter’s and ARIMA
This study is carried out to forecast water consumption expenditure of Malaysian university specifically at University Tun Hussein Onn Malaysia (UTHM). The proposed Holt�Winter’s and Auto-Regressive Integrated Moving Average (ARIMA) models were applied to forecast the water consumption expenditure...
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| Main Authors: | , , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2018
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| Subjects: | |
| Online Access: | http://eprints.uthm.edu.my/7022/1/P9953_709ceb38543b93e2f8efd970eb40276c.pdf http://eprints.uthm.edu.my/7022/ https://doi.org/10.1088/1742-6596/995/1/012041 |
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| Institution: | Universiti Tun Hussein Onn Malaysia |
| Language: | English |
| Summary: | This study is carried out to forecast water consumption expenditure of Malaysian
university specifically at University Tun Hussein Onn Malaysia (UTHM). The proposed Holt�Winter’s and Auto-Regressive Integrated Moving Average (ARIMA) models were applied to
forecast the water consumption expenditure in Ringgit Malaysia from year 2006 until year
2014. The two models were compared and performance measurement of the Mean Absolute
Percentage Error (MAPE) and Mean Absolute Deviation (MAD) were used. It is found that
ARIMA model showed better results regarding the accuracy of forecast with lower values of
MAPE and MAD. Analysis showed that ARIMA (2,1,4) model provided a reasonable
forecasting tool for university campus water usage. |
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