Work place: Jashore University of Science and Technology, Jashore-7408, Bangladesh
E-mail: surovyru@gmail.com
Website:
Research Interests: Mathematics, Mathematics of Computing, Computational Mathematics
Biography
Mst. Sharmin Banu was born in Bangladesh. She has completed B.Sc. (Honor’s) and M.Sc. in Mathematics from University of Rajshahi. Now she is performing as a Lecturer of Mathematics at Department of Mathematics in Jashore University of Science and Technology, Bangladesh.
By Md. Nayan Dhali Md. Biddut Rana Nazrul Islam Deepa Roy Mst. Sharmin Banu
DOI: https://doi.org/10.5815/ijmsc.2021.04.02, Pub. Date: 8 Dec. 2021
Remittance is the tie that is sent to the country by earning money from abroad. In present Bangladesh, remittance is playing an important role in increasing reserves and revenue. For about two decades remittance has been contributing a huge portion of export earnings. Remittances have a significant impact on the budget of Bangladesh and also the budget depends a lot on remittances. So it is very crucial to know the future remittance to make an annual budget for upcoming year. This paper concentrates on choosing the appropriate smoothing constants for foreign remittances forecasting by Holt’s method. This method is very popular quantitative skilled in forecasting. The forecasting of this deftness depends on optimal smoothing constants. So, choosing an optimal smoothing constant is very important to minimize the error of forecasting. We have demonstrated the techniques by presenting actual remittances and also presented graphical comparisons between actual and forecasting remittances for the optimal smoothing constants.
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