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Forecasting: Methods and Applications
 
 
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Forecasting: Methods and Applications [Hardcover]

Spyros G. Makridakis (Author), Steven C. Wheelwright (Author), Rob J Hyndman (Author)
4.3 out of 5 stars  See all reviews (14 customer reviews)

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Book Description

0471532339 978-0471532330 December 1997 3
Can You Predict the Future by Looking at the Past? Since accurate forecasting requires more than just inserting historical data into a model, Forecasting: Methods and Applications, 3/e, adopts a managerial, business orientation. Integrated throughout this text is the innovative idea that explaining the past is not adequate for predicting the future. Inside, you will find the latest techniques used by managers in business today, discover the importance of forecasting and learn how it's accomplished. And you'll develop the necessary skills to meet the increased demand for thoughtful and realistic forecasts. New features in the third edition include:
* An emphasis placed on the practical uses of forecasting.
* All data sets used in this book are available on the Internet, together with supplementary material.  This can be found at http://robjhyndman.com/forecasting/
* Comprehensive coverage provided on both quantitative and qualitative forecasting techniques.
* Includes many new developments in forecasting methodology and practice.

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Editorial Reviews

From the Publisher

Presents a wide range of forecasting methods useful for undergraduate or graduate students majoring in business management, economics, or engineering. Develops skills for selecting the proper methodology. Integrates forecasting with the planning and decision-making activities within an organization. Methods of forecasting include: decomposition, regression analysis, and econometrics. Stresses the strengths and weaknesses of the individual methods in various types of organizational areas. Numerous examples are included. --This text refers to an out of print or unavailable edition of this title.

From the Back Cover

Can You Predict the Future by Looking at the Past? Since accurate forecasting requires more than just inserting historical data into a model, Forecasting: Methods and Applications, 3/e, adopts a managerial, business orientation. Integrated throughout this text is the innovative idea that explaining the past is not adequate for predicting the future. Inside, you will find the latest techniques used by managers in business today, discover the importance of forecasting and learn how it's accomplished. And you'll develop the necessary skills to meet the increased demand for thoughtful and realistic forecasts. New features in the third edition include:
* An emphasis placed on the practical uses of forecasting.
* All data sets used in this book are available on the Internet.
* Comprehensive coverage provided on both quantitative and qualitative forecasting techniques.
* Includes many new developments in forecasting methodology and practice.

Product Details

  • Hardcover: 656 pages
  • Publisher: Wiley; 3 edition (December 1997)
  • Language: English
  • ISBN-10: 0471532339
  • ISBN-13: 978-0471532330
  • Product Dimensions: 7.8 x 1.2 x 9.2 inches
  • Shipping Weight: 2.6 pounds (View shipping rates and policies)
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (14 customer reviews)
  • Amazon Best Sellers Rank: #283,475 in Books (See Top 100 in Books)

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Customer Reviews

14 Reviews
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Average Customer Review
4.3 out of 5 stars (14 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

24 of 24 people found the following review helpful:
5.0 out of 5 stars Excellent book written with the practitioner in mind, April 29, 1998
This review is from: Forecasting: Methods and Applications (Hardcover)
Excellent book written with the practitioner in mind. Mathematical formalism kept to a minimum. The last 4 chapters (about judgmental forecasting and practical aspects of forecasting) are a plus vs. other books.
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22 of 22 people found the following review helpful:
5.0 out of 5 stars Down to earth, practical guide on forecasting., December 13, 2003
By 
Frederic Horst (Sydney, Australia) - See all my reviews
(REAL NAME)   
This review is from: Forecasting: Methods and Applications (Hardcover)
The book provides coverage of three important areas:

- Basic forecasting tools and methods - summarizing data, statistical tools, regression, as well as some material on more advanced forecasting methods
- Data preparation - time series decomposition, smoothing methods
- A discussion of the issues involved in forecasting - long term versus short term forecasting, accuracy of forecasts, the importance and limitations of judgmental forecasts and combining these with statistical forecasts

I was fortunate enough to stumble across this book in a colleagues office and believe this book should belong in every market research professional's shelf.

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23 of 26 people found the following review helpful:
4.0 out of 5 stars Excellent Examples and Practical Approach, March 23, 2000
By A Customer
This review is from: Forecasting: Methods and Applications (Hardcover)
This book was not only recommended, but given to me as a MUST READ at work. Excellent practical approach to the theory with a minimum of formulation. Good practical examples and demos. I recommend it as a training manual for new analysts on the job.
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Inside This Book (learn more)
First Sentence:
Frequently there is a time lag between awareness of an impending event or need and occurrence of that event. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
preliminary seasonal component, housing sales data, monthly milk production, shampoo data, beer data, medial average, classical decomposition method, multivariate autoregressive models, pulp shipments, holdout set, exponential smoothing methods, sales force composite, time series decomposition, seasonal indices, forecasting users, dynamic regression model, seasonal plot, possible regression models, forecast variable, seasonal dummy variables, forecasting packages, white noise series, judgmental forecasts, forecasting facilities, quantitative forecasting methods
Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, International Journal of Forecasting, John Wiley, Basic Forecasting Tools, Management Science, Englewood Cliffs, Industrial Revolution, Theil's U-statistic, United States, King Kong, San Francisco, Journal of the American Statistical Association, Journal of the Royal Statistical Society, Census Bureau, Harvard Business Review, Operations Research, Western Europe, Decision Sciences, Academic Press, Australian Bureau of Statistics, Duxbury Press, Lag Figure, Statistics Canada, The Free Press, Year Quarter Period Sales
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