Market Forecasting of Super Strength Fiber: Glass Fiber

Sibei Xia

Abstract


The goal of this paper is to forecast the glass fiber market with exponential smoothing model. Five exponential smoothing models are introduced and Holt linear model was selected due to data characteristic and tool limitation. Producer price index: glass fiber, textile-type and all other reinforced and Producer price index: fiberglass plastics products were applied in the forecast model. Parameter optimization was based on minimizing the root mean square error. Values for July 2012 through June 2017 were forecasted.

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