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.
About the Author
Dr Spyros G. Makridakis is an Emeritus Professor of Decision Sciences at INSEAD (European Institute of Business Administration) and one of the world's leading experts on statistical forecasting and risk management
Steven C. Wheelwright is a prominent American business scholar, professor, and university administrator who holds a deep academic and professional connection to Stanford University. He is widely recognized for his pioneering research in manufacturing strategy, operations management, and product development
Rob J. Hyndman FAA FASSA is an eminent Australian statistician who serves as a Vice-Chancellor's Distinguished Professor of Statistics at Monash University. He is globally recognized for his transformative contributions to time series analysis, data visualization, and automated statistical forecasting.
Table of Contents
The Forecasting Perspective. Basic Forecasting Tools. Time Series Decomposition. Exponential Smoothing Methods. Simple Regression. Multiple Regression. The Box-Jenkins Methodology for Arima Models. Advanced Forecasting Models. Forecasting the Long-Term. Judgmental Forecasting and Adjustments. The Use of Forecasting Methods in Practice. Implementing Forecasting: Its Uses, Advantages, and Limitations. Appendices.
