Utilisation of Holt-Winters Forecasting Model in Lembaga Zakat Selangor (LZS) For Zakat Collection
Mohd Fadlihisyam Ishak,
Asmah Mohd Jaapar
Abstract:Predicting the collection of zakat in Malaysian zakat institutions is crucial for effective zakat distribution. The surplus problems in zakat funds motivated this study to use more precise statistical methods to predict the future trend of zakat collection. The main objective of this paper is to forecast monthly zakat collection for 12 months ahead of the Lembaga Zakat Selangor (LZS). This research used the Seasonal Exponential Smoothing (Holt-Winters) model to predict zakat collection in LZS. The study utilis… Show more
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