Forecasting
Forecasting is required in many situations. Scheduling staff in a call centre next week requires forecasts of call volumes. Deciding whether to build another power generation plant in the next five years requires forecasts of future demand. Telecommunication routing requires traf… Celý popis ↓
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Forecasting
Forecasting is required in many situations. Scheduling staff in a call centre next week requires forecasts of call volumes. Deciding whether to build another power generation plant in the next five years requires forecasts of future demand.
Telecommunication routing requires traffic forecasts a few minutes ahead. Stocking an inventory requires forecasts of stock requirements. 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.
One new chapter has been added on time
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