Improving the precision on forecasting

Improving the precision on forecasting

Forecasting is a very important phenomenon in many problems in real world (e.g. Engineering, Science, Economics, etc.) situations. This note addresses some problems of improving the accuracy of forecasts and show that one method is superior than the others in practice. To enrich the argument we use...

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Veröffentlicht in:Microelectronics and reliability 1996, Vol.36 (10), p.1375-1378
1. Verfasser: Peiris, M.Shelton
Format: Artikel
Sprache:eng
Schlagworte:
Applied sciences
Exact sciences and technology
Operational research and scientific management
Operational research. Management science
Planning. Forecasting
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Beschreibung
Zusammenfassung:Forecasting is a very important phenomenon in many problems in real world (e.g. Engineering, Science, Economics, etc.) situations. This note addresses some problems of improving the accuracy of forecasts and show that one method is superior than the others in practice. To enrich the argument we use moving average models as they play the main role in many applications.
ISSN:0026-2714
1872-941X
DOI:10.1016/0026-2714(96)00016-9