Forecasting principles and practice
Forecasting is required in many situations. Deciding whether to build another power generation plant in the next five years requires forecasts of future demand. Scheduling staff in a call centre next week requires forecasts of call volumes. Stocking an inventory requires forecasts of stock requireme...
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| Main Authors: | , |
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| Format: | Book |
| Language: | English |
| Published: |
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2021
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| Edition: | Third edition |
| Subjects: | |
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| Summary: | Forecasting is required in many situations. Deciding whether to build another power generation plant in the next five years requires forecasts of future demand. Scheduling staff in a call centre next week requires forecasts of call volumes. Stocking an inventory requires forecasts of stock requirements. 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. Examples use R with many data sets taken from the authors' own consulting experience. In this third edition, all chapters have been updated to cover the latest research and forecasting methods. |
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| Physical Description: | 440 pages illustrations 25 cm |
| Bibliography: | Includes bibliographical references and index |
| ISBN: | 9780987507136 (pbk) 0987507133 (pbk) |