Integration of Judgmental and Statistical Approaches to Forecasting

Language: English

Published by LAP LAMBERT Academic Publishing Mär 2021, 2021

6203471224 / 9786203471229

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This item is printed on demand - Print on Demand Titel. Neuware -When it comes to forecasting, it's important to know how good your forecasting is and if there are ways to improve it. This work focuses on finding reliable and informative indicators of forecasting performance and on how to improve forecasts with the use of judgment. Chapter 2 explores limitations of various error measures and introduces a new class of metrics (AvgRel-metrics) for measuring forecasting performance using the following rules: i) relative indicators are averaged across series using the weighted geometric mean, ii) an indicator used to evaluate forecasts must correspond to the loss function used to optimize forecasts. The AvgRelMSE and AvgRelMAE metrics are proposed to measure accuracy under quadratic and linear loss, respectively, and the AvgRelAME to measure bias. Boxplots of logs of relative indicators are used to visualize distributions. Chapters 3 and 4 look at models for handling unaided judgment & judgmental adjustments. In particular, this work introduces advanced models based on using panel data and Bayesian analysis. Chapter 5 proposes a novel approach allowing to incorporate judgment into a joint model and update forecasts as new data becomes available.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 308 pp. Englisch. …

Seller Inventory # 9786203471229

Title
Integration of Judgmental and Statistical Approaches to Forecasting
Author
Andrey Davydenko
Publisher
LAP LAMBERT Academic Publishing Mär 2021
Publication year
2021
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
6203471224
ISBN 13
9786203471229
Item weight
477 grams
Dimensions
220x150x20 mm

buchversandmimpf2000

Emtmannsberg, BAYE, Germany

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