Application of Exponential Smoothing Method for Forcasting Revenue of Vietnamese Steel Companies

Date Received: 04-03-2014

Date Accepted: 27-03-2014

Date Published: 06-08-2025

##submissions.doi##: https://doi.org/10.31817/tckhnnvn.2014.12.2.

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Issue: Vol. 12 No. 2 (2014)

Section:

KINH TẾ XÃ HỘI VÀ PHÁT TRIỂN NÔNG THÔN

How to Cite:

Anh, N., Ha, L., & Giam, D. (2025). Application of Exponential Smoothing Method for Forcasting Revenue of Vietnamese Steel Companies. Vietnam Journal of Agricultural Sciences, 12(2), 205–213. https://doi.org/10.31817/tckhnnvn.2014.12.2.

Application of Exponential Smoothing Method for Forcasting Revenue of Vietnamese Steel Companies

Nguyen Quoc Anh (*) , Le Thanh Ha , Do Quang Giam

  • Tác giả liên hệ: [email protected]

    • Keywords

    Exponential smoothing, forecast, revenue, steel sector

    Abstract


    For the time being, the tools to which the investors choose to make decisions in Vietnam stock market still have limits, especially the tools to predict future business results of enterprises. Exponential smoothing is one of appropriate methods to forcast a timeseries data based on the past observations. Therefore, the article focused on applying this method to forcast revenue and business performance of the listed steel companies. The main purpose was to support decision making of investors and business owners. The forecasted results indicated that the revenues in the first quarter of 2013 of Hoa Sen Joint Stock Company, Lien Huu A Joint Stock Company and Viet-Y Joint Stock company were VND 2,488 billion, VND1,820 billion,and VND 1,137 billion, respectively. The article also pointed out difference between the forecates and actual revenues of the selected companies and gives recommendations for managers and investors in decision making.

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