{"id":3431,"date":"2021-06-12T12:31:44","date_gmt":"2021-06-12T04:31:44","guid":{"rendered":"https:\/\/www.ukm.my\/jem\/article\/forecasting-movie-demand-using-total-and-split-exponential-smoothing\/"},"modified":"2021-09-09T12:30:37","modified_gmt":"2021-09-09T04:30:37","slug":"forecasting-movie-demand-using-total-and-split-exponential-smoothing","status":"publish","type":"article","link":"https:\/\/www.ukm.my\/jem\/article\/forecasting-movie-demand-using-total-and-split-exponential-smoothing\/","title":{"rendered":"Forecasting Movie Demand Using Total and Split Exponential Smoothing"},"content":{"rendered":"<p>In the motion picture industry, the movie market players always rely on accurate demand forecasts. Distributors require the demand forecasts to decide the best release date of the new movies that arguably the most difficult decision. Thus, forecasting methods which are able to capture historical patterns can be relied on to produce an accurate prediction. Exponential smoothing methods are the common methods, but there is limited study using this technique in movie demand forecasting. In this paper, we study the performance of a newly proposed seasonal exponential smoothing method that previously has been considered for forecasting daily supermarket sales. It is known as total and split exponential smoothing, and apply it to daily box office from the United States market. The resulting forecasts are compared against other exponential smoothing methods, seasonal adjustment, non-seasonal, and seasonal exponential smoothing methods. Overall, total and split exponential smoothing with optimised parameters separately for each lead time is performing good, followed by seasonal (damped trend) exponential smoothing method (DA-A). The identification of the best performing method assists distributors to make a decision on the best release date for their new movies earlier than the competitors.<\/p>\n","protected":false},"template":"","tags":[735,96,736,737],"jel-code":[],"article-type":[1329],"class_list":["entry","author-jem","post-3431","article","type-article","status-publish","tag-exponential-smoothing","tag-forecasting","tag-movie-demand","tag-time-series","article-type-normal-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forecasting Movie Demand Using Total and Split Exponential Smoothing | Jurnal Ekonomi Malaysia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ukm.my\/jem\/article\/forecasting-movie-demand-using-total-and-split-exponential-smoothing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forecasting Movie Demand Using Total and Split Exponential Smoothing | Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"og:description\" content=\"In the motion picture industry, the movie market players always rely on accurate demand forecasts. Distributors require the demand forecasts to decide the best release date of the new movies that arguably the most difficult decision. Thus, forecasting methods which are able to capture historical patterns can be relied onContinue Reading\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ukm.my\/jem\/article\/forecasting-movie-demand-using-total-and-split-exponential-smoothing\/\" \/>\n<meta property=\"og:site_name\" content=\"Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-09T04:30:37+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@EkonomiJurnal\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/forecasting-movie-demand-using-total-and-split-exponential-smoothing\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/forecasting-movie-demand-using-total-and-split-exponential-smoothing\\\/\",\"name\":\"Forecasting Movie Demand Using Total and Split Exponential Smoothing | Jurnal Ekonomi Malaysia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\"},\"datePublished\":\"2021-06-12T04:31:44+00:00\",\"dateModified\":\"2021-09-09T04:30:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/forecasting-movie-demand-using-total-and-split-exponential-smoothing\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/forecasting-movie-demand-using-total-and-split-exponential-smoothing\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/forecasting-movie-demand-using-total-and-split-exponential-smoothing\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Forecasting Movie Demand Using Total and Split Exponential Smoothing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"name\":\"Jurnal Ekonomi Malaysia\",\"description\":\"Universiti Kebangsaan Malaysia\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\",\"name\":\"Jurnal Ekonomi Malaysia\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"contentUrl\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"width\":512,\"height\":308,\"caption\":\"Jurnal Ekonomi Malaysia\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\",\"https:\\\/\\\/x.com\\\/EkonomiJurnal\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Forecasting Movie Demand Using Total and Split Exponential Smoothing | Jurnal Ekonomi Malaysia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ukm.my\/jem\/article\/forecasting-movie-demand-using-total-and-split-exponential-smoothing\/","og_locale":"en_US","og_type":"article","og_title":"Forecasting Movie Demand Using Total and Split Exponential Smoothing | Jurnal Ekonomi Malaysia","og_description":"In the motion picture industry, the movie market players always rely on accurate demand forecasts. 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