Resultant forecasts

This article presents 1) the definition of a resultant forecasting function for a stochastic case, 2) construction of a function forecasting a stochastic process, and 3) construction, therefore, of a resultant forecasting function for two criteria and associated operations: minimum of the total prob...

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Veröffentlicht in:Technological forecasting & social change 1980-02, Vol.16 (2), p.147-154
Hauptverfasser: Galanc, Tadeusz, Mikuś, Jan
Format: Artikel
Sprache:eng
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Zusammenfassung:This article presents 1) the definition of a resultant forecasting function for a stochastic case, 2) construction of a function forecasting a stochastic process, and 3) construction, therefore, of a resultant forecasting function for two criteria and associated operations: minimum of the total probability of error and minimum risk function. The applicational significance of a resultant forecast is discussed in view of hierarchical systems design.
ISSN:0040-1625
1873-5509
DOI:10.1016/0040-1625(80)90005-0