Download or read book Forecasting principles and practice written by Rob J Hyndman and published by OTexts. This book was released on 2018-05-08 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forecasting is required in many situations. Stocking an inventory may require forecasts of demand months in advance. Telecommunication routing requires traffic forecasts a few minutes ahead. Whatever the circumstances or time horizons involved, forecasting is an important aid in effective and efficient planning. This textbook provides a comprehensive introduction to forecasting methods and presents enough information about each method for readers to use them sensibly.
Download or read book Business Forecasting written by Michael Gilliland and published by John Wiley & Sons. This book was released on 2016-01-05 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive collection of the field's most provocative, influential new work Business Forecasting compiles some of the field's important and influential literature into a single, comprehensive reference for forecast modeling and process improvement. It is packed with provocative ideas from forecasting researchers and practitioners, on topics including accuracy metrics, benchmarking, modeling of problem data, and overcoming dysfunctional behaviors. Its coverage includes often-overlooked issues at the forefront of research, such as uncertainty, randomness, and forecastability, as well as emerging areas like data mining for forecasting. The articles present critical analysis of current practices and consideration of new ideas. With a mix of formal, rigorous pieces and brief introductory chapters, the book provides practitioners with a comprehensive examination of the current state of the business forecasting field. Forecasting performance is ultimately limited by the 'forecastability' of the data. Yet failing to recognize this, many organizations continue to squander resources pursuing unachievable levels of accuracy. This book provides a wealth of ideas for improving all aspects of the process, including the avoidance of wasted efforts that fail to improve (or even harm) forecast accuracy. Analyzes the most prominent issues in business forecasting Investigates emerging approaches and new methods of analysis Combines forecasts to improve accuracy Utilizes Forecast Value Added to identify process inefficiency The business environment is evolving, and forecasting methods must evolve alongside it. This compilation delivers an array of new tools and research that can enable more efficient processes and more accurate results. Business Forecasting provides an expert's-eye view of the field's latest developments to help you achieve your desired business outcomes.
Download or read book Business Forecasting Second Edition written by A. Reza Hoshmand and published by Routledge. This book was released on 2009-12-04 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book emphasizes the rationale, application, and interpretation of the most commonly used forecasting techniques in business.
Download or read book Future Ready written by Steve Morlidge and published by John Wiley & Sons. This book was released on 2010-02-19 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent crisis in the financial markets has exposed serious flaws in management methods. The failure to anticipate and deal with the consequences of the unfolding collapse has starkly illustrated what many leaders and managers in business have known for years; in most organizations, the process of forecasting is badly broken. For that reason, forecasting business performance tops the list of concerns for CFO's across the globe. It is time to rethink the way businesses organize and run forecasting processes and how they use the insights that they provide to navigate through these turbulent times. This book synthesizes and structures findings from a range of disciplines and over 60 years of the authors combined practical experience. This is presented in the form of a set of simple strategies that any organization can use to master the process of forecasting. The key message of this book is that while no mortal can predict the future, you can take the steps to be ready for it. ’Good enough’ forecasts, wise preparation and the capability to take timely action, will help your organization to create its own future. Written in an engaging and thought provoking style, Future Ready leads the reader to answers to questions such as: What makes a good forecast? What period should a forecast cover? How frequently should it be updated? What information should it contain? What is the best way to produce a forecast? How can you avoid gaming and other forms of data manipulation? How should a forecast be used? How do you ensure that your forecast is reliable? How accurate does it need to be? How should you deal with risk and uncertainty What is the best way to organize a forecast process? Do you need multiple forecasts? What changes should be made to other performance management processes to facilitate good forecasting? Future Ready is an invaluable guide for practicing managers and a source of insight and inspiration to leaders looking for better ways of doing things and to students of the science and craft of management. Praise for Future Ready "Will make a difference to the way you think about forecasting going forward" —Howard Green, Group Controller Unilever PLC "Great analogies and stories are combined with rock solid theory in a language that even the most reading-averse manager will love from page one" —Bjarte Bogsnes, Vice President Performance Management Development at StatoilHydro "A timely addition to the growing research on management planning and performance measurement." —Dr. Charles T. Horngren, Edmund G. Littlefield Professor of Accounting Emeritus Stanford University and author of many standard texts including Cost Accounting: A Managerial Emphasis, Introduction to Management Accounting, and Financial Accounting "In the area of Forecasting, it is the best book in the market." —Fritz Roemer. Leader of Enterprise Performance Executive Advisory Program, the Hackett Group
Download or read book FORECASTING METHODS AND APPLICATIONS 3RD ED written by Spyros Makridakis and published by John Wiley & Sons. This book was released on 2008-09 with total page 660 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market_Desc: · Market Researchers· Financial Analysts· Business Planners· Business Economists· Operations Managers· Human Resources Administrators· Business Analysts of various kinds· Other Business Professionals Special Features: · A managerial, business orientation approach is used instead of a mathematical, research focus. Emphasis placed on the practical uses of forecasting.· All data sets used in this text will be available on the Internet.· Coverage now includes the latest techniques used by managers in business today. About The Book: Known from its last editions as the Bible of Forecasting , the third edition of this authoritative text has adopted a new approach-one that is as new as the latest trends in the field: Explaining the past is not adequate for predicting the future . In other words, accurate forecasting requires more than just the fitting of models to historical data. Inside, readers will find the latest techniques used by managers in business today, discover the importance of forecasting and learn how it's accomplished. And readers will develop the necessary skills to meet the increased demand for thoughtful and realistic forecasts.
Download or read book Fundamentals of Forecasting Using Excel written by Kenneth D. Lawrence and published by Industrial Press Inc.. This book was released on 2009 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forecasting is an integral part of almost all business enterprises. This book provides readers with the tools to analyze their data, develop forecasting models and present the results in Excel. Progressing from data collection, data presentation, to a step-by-step development of the forecasting techniques, this essential text covers techniques that include but not limited to time series-moving average, exponential smoothing, trending, simple and multiple regression, and Box-Jenkins. And unlike other products of its kind that require either high-priced statistical software or Excel add-ins, this book does not require such software. It can be used both as a primary text and as a supplementary text. Highlights the use of Excel screen shots, data tables, and graphs. Features Full Scale Use of Excel in Forecasting without the Use of Specialized Forecast Packages Includes Excel templates. Emphasizes the practical application of forecasting. Provides coverage of Special Forecasting, including New Product Forecasting, Network Models Forecasting, Links to Input/Output Modeling, and Combination of Forecasting.
Download or read book Manager s Guide to Forecasting written by David M. Georgoff and published by . This book was released on 1986-01-01 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Principles of Forecasting written by J.S. Armstrong and published by Springer Science & Business Media. This book was released on 2001 with total page 880 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook summarises knowledge from experts and empirical studies. It provides guidelines that can be applied in fields such as economics, sociology, and psychology. Includes a comprehensive forecasting dictionary.
Download or read book SAS for Forecasting Time Series Third Edition written by John C. Brocklebank, Ph.D. and published by SAS Institute. This book was released on 2018-03-14 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: To use statistical methods and SAS applications to forecast the future values of data taken over time, you need only follow this thoroughly updated classic on the subject. With this third edition of SAS for Forecasting Time Series, intermediate-to-advanced SAS users—such as statisticians, economists, and data scientists—can now match the most sophisticated forecasting methods to the most current SAS applications. Starting with fundamentals, this new edition presents methods for modeling both univariate and multivariate data taken over time. From the well-known ARIMA models to unobserved components, methods that span the range from simple to complex are discussed and illustrated. Many of the newer methods are variations on the basic ARIMA structures. Completely updated, this new edition includes fresh, interesting business situations and data sets, and new sections on these up-to-date statistical methods: ARIMA models Vector autoregressive models Exponential smoothing models Unobserved component and state-space models Seasonal adjustment Spectral analysis Focusing on application, this guide teaches a wide range of forecasting techniques by example. The examples provide the statistical underpinnings necessary to put the methods into practice. The following up-to-date SAS applications are covered in this edition: The ARIMA procedure The AUTOREG procedure The VARMAX procedure The ESM procedure The UCM and SSM procedures The X13 procedure The SPECTRA procedure SAS Forecast Studio Each SAS application is presented with explanation of its strengths, weaknesses, and best uses. Even users of automated forecasting systems will benefit from this knowledge of what is done and why. Moreover, the accompanying examples can serve as templates that you easily adjust to fit your specific forecasting needs. This book is part of the SAS Press program.
Download or read book Support Vector Machines written by Ingo Steinwart and published by Springer Science & Business Media. This book was released on 2008-09-15 with total page 611 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every mathematical discipline goes through three periods of development: the naive, the formal, and the critical. David Hilbert The goal of this book is to explain the principles that made support vector machines (SVMs) a successful modeling and prediction tool for a variety of applications. We try to achieve this by presenting the basic ideas of SVMs together with the latest developments and current research questions in a uni?ed style. In a nutshell, we identify at least three reasons for the success of SVMs: their ability to learn well with only a very small number of free parameters, their robustness against several types of model violations and outliers, and last but not least their computational e?ciency compared with several other methods. Although there are several roots and precursors of SVMs, these methods gained particular momentum during the last 15 years since Vapnik (1995, 1998) published his well-known textbooks on statistical learning theory with aspecialemphasisonsupportvectormachines. Sincethen,the?eldofmachine learninghaswitnessedintenseactivityinthestudyofSVMs,whichhasspread moreandmoretootherdisciplinessuchasstatisticsandmathematics. Thusit seems fair to say that several communities are currently working on support vector machines and on related kernel-based methods. Although there are many interactions between these communities, we think that there is still roomforadditionalfruitfulinteractionandwouldbegladifthistextbookwere found helpful in stimulating further research. Many of the results presented in this book have previously been scattered in the journal literature or are still under review. As a consequence, these results have been accessible only to a relativelysmallnumberofspecialists,sometimesprobablyonlytopeoplefrom one community but not the others.
Download or read book Persistent Forecasting of Disruptive Technologies written by National Research Council and published by National Academies Press. This book was released on 2010-02-15 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technological innovations are key causal agents of surprise and disruption. In the recent past, the United States military has encountered unexpected challenges in the battlefield due in part to the adversary's incorporation of technologies not traditionally associated with weaponry. Recognizing the need to broaden the scope of current technology forecasting efforts, the Office of the Director, Defense Research and Engineering (DDR&E) and the Defense Intelligence Agency (DIA) tasked the Committee for Forecasting Future Disruptive Technologies with providing guidance and insight on how to build a persistent forecasting system to predict, analyze, and reduce the impact of the most dramatically disruptive technologies. The first of two reports, this volume analyzes existing forecasting methods and processes. It then outlines the necessary characteristics of a comprehensive forecasting system that integrates data from diverse sources to identify potentially game-changing technological innovations and facilitates informed decision making by policymakers. The committee's goal was to help the reader understand current forecasting methodologies, the nature of disruptive technologies and the characteristics of a persistent forecasting system for disruptive technology. Persistent Forecasting of Disruptive Technologies is a useful text for the Department of Defense, Homeland Security, the Intelligence community and other defense agencies across the nation.
Download or read book Forecasting Demand and Supply of Doctoral Scientists and Engineers written by National Research Council and published by National Academies Press. This book was released on 2000-07-31 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is the summary of a workshop conducted by the National Research Council in order to learn from both forecast makers and forecast users about improvements that can be made in understanding the markets for doctoral scientists and engineers. The workshop commissioned papers examined (1) the history and problems with models of demand and supply for scientists and engineers, (2) objectives and approaches to forecasting models, (3) margins of adjustment that have been neglected in models, especially substitution and quality, (4) the presentation of uncertainty, and (5) whether these forecasts of supply and demand are worthwhile, given all their shortcomings. The focus of the report was to provide guidance to the NSF and to scholars in this area on how models and the forecasts derived from them might be improved, and what role NSF should play in their improvement. In addition, the report examined issues of reporting forecasts to policymakers.
Download or read book Elements of Forecasting written by Francis X. Diebold and published by Cengage Learning. This book was released on 1998 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: Elements of Forecasting is a concise, modern survey of business and economics forecasting methods. Written by one of the world's leading experts on forecasting, it focuses on the core techniques of widest applicability and assumes only an elementary background in statistics. It is applications-oriented and illustrates all methods with detailed examples and case studies.
Download or read book A Regional Forecasting Model written by W. H. Jasperson and published by . This book was released on 1990 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this three year project is to develop an expert system which can be used to make a short-range weather forecast from limited data. The expert system will not be tied to any particular station. This will be done by determining and utilizing the physical relationships between the synoptic weather and variables that affect the local weather such as terrain, geography and surface type. The first year's work included software selection, knowledge design issues, tentative class and object networks and structuring of the expert system. The bases for these discussions and the description of progress on various pieces of the system are described in this report. (JHD).
Download or read book Revenue Forecasting How is it Done Results from a Survey of Low Income Countries written by Annette Kyobe and published by International Monetary Fund. This book was released on 2005-02 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of revenue forecasting practices in low-income countries, and provides a comprehensive and condensed account of the revenue forecasting process. Based on a new dataset on 34 low-income countries, it catalogues forecasting practices and procedures from inception until budget submission, focusing primarily on institutional aspects and processes. The paper also synthesizes three key characteristics of forecasting practices, formality, organizational simplicity, and transparency, and empirically explores their determinants. High levels of country corruption are associated with less formal and less transparent forecasts. Past IMF involvement in a country increases the formality of the process, but does not improve public access to information.
Download or read book Least Squares Or Limited Information written by Michael K. Evans and published by . This book was released on 1969* with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Forecasting written by Jennifer Castle and published by Yale University Press. This book was released on 2019-06-11 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Concise, engaging, and highly intuitive--this accessible guide equips you with an understanding of all the basic principles of forecasting Making accurate predictions about the economy has always been difficult, as F. A. Hayek noted when accepting his Nobel Prize in economics, but today forecasters have to contend with increasing complexity and unpredictable feedback loops. In this accessible and engaging guide, David Hendry, Michael Clements, and Jennifer Castle provide a concise and highly intuitive overview of the process and problems of forecasting. They explain forecasting concepts including how to evaluate forecasts, how to respond to forecast failures, and the challenges of forecasting accurately in a rapidly changing world. Topics covered include: What is a forecast? How are forecasts judged? And how can forecast failure be avoided? Concepts are illustrated using real-world examples including financial crises, the uncertainty of Brexit, and the Federal Reserve's record on forecasting. This is an ideal introduction for university students studying forecasting, practitioners new to the field and for general readers interested in how economists forecast.
