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Bibliographic Details

Title: Forecasting: Principles and Practice
Publisher: OTexts
Publication Date: 2013
Language: English
ISBN 10: 0987507109
ISBN 13: 9780987507105
Binding: Soft cover
Condition: good

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Synopsis

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.

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