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Forecasting: Methods and Applications [Hardcover]

by Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
4.3 out of 5 stars  See all reviews (19 customer reviews)

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Book Description

December 1997 0471532339 978-0471532330 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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Forecasting: Methods and Applications + Introductory Econometrics: A Modern Approach + Applied Econometrics Using the SAS System
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Editorial Reviews

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: 9.1 x 7.9 x 1.1 inches
  • Shipping Weight: 2.6 pounds (View shipping rates and policies)
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (19 customer reviews)
  • Amazon Best Sellers Rank: #224,412 in Books (See Top 100 in Books)

More About the Author

Professor Rob J Hyndman (1967-) is an Australian statistician currently based at Monash University, Melbourne, Australia. He is best-known for his work in statistical forecasting, and is Editor-in-Chief of the International Journal of Forecasting. In 2007, he won the Moran medal from the Australian Academy of Science for his contributions to research in statistics. Further information is available on his website: robjhyndman.com

Customer Reviews

Most Helpful Customer Reviews
25 of 25 people found the following review helpful
5.0 out of 5 stars Down to earth, practical guide on forecasting. December 13, 2003
Format: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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26 of 27 people found the following review helpful
5.0 out of 5 stars Excellent book written with the practitioner in mind April 29, 1998
Format: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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26 of 29 people found the following review helpful
4.0 out of 5 stars Excellent Examples and Practical Approach March 23, 2000
By A Customer
Format: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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9 of 10 people found the following review helpful
5.0 out of 5 stars This book has the formulas. March 12, 2004
Format:Hardcover|Verified Purchase
Chapters 3 and 4, and on covered the vital information that is useful for inventory system forecasting at the SKU level, and for measuring the accuracy of the forecasts. This book was extremely helpful in that regard. Highly recommended.
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4 of 4 people found the following review helpful
5.0 out of 5 stars Great reference book! July 5, 2006
Format:Hardcover|Verified Purchase
I've been in the field for a few years now and I finally found a book that explains and summarizes the forecasting theory so good. This is my reference book now. I use it to teach my engineers in the subject and for personal reference as well. It provides new information that wasn't available 10 years ago. The explanaitions are good and the examples clear.
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3 of 3 people found the following review helpful
5.0 out of 5 stars Excellent book December 19, 2007
By RobertK
Format:Hardcover
If you begin a journey of analyzing time series this is the book for you. Excellent book for every student - you must have and read it. I highly recommend, not to mentioned the fact that at the Web site of Prof. Rob J Hyndman are the data and "forecasting bundle of R packages provides new forecasting methods, and graphical tools for displaying and analysing forecasts" methods explain in that book.
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8 of 11 people found the following review helpful
5.0 out of 5 stars DecisionPro Users must have! March 2, 2005
Format:Hardcover
Was referred to this book while evaluating several software packages for forecasting and this really helped us make the right decision. We decided on Vanguard Software DecisionPro as it supports all the methods (many of which I had no idea existed) that are outlines in this book. This book (and the software) are great. This is a great add-on for anyone doing forecasting!
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1 of 1 people found the following review helpful
4.0 out of 5 stars Very useful for me, and clear enough March 31, 2013
By Mikhail
Format:Hardcover|Verified Purchase
I've just read this=) It's simple enough for those who are not specialist in computation math and statistics/probability.
You can understand general conceptions of book even if you have quite poor math skills (and poor English, like me=).
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Most Recent Customer Reviews
4.0 out of 5 stars Very good introduction to general forecasting
This book is a very good introduction to the general forecasting issue.

No theoretical development but a good overview with some practical methodologies.
Published 1 month ago by Bertrand Haut
4.0 out of 5 stars Covers the Basics on Forecasting
A textbook, but clearly written, with enough applied examples to make the techniques real. The book is well laid out and the authors do a great job of telling you how to get the... Read more
Published 7 months ago by Alvarez
5.0 out of 5 stars Very good book
I already knew this book but even though it is surprising. A certain knowledge in Statistics is necessary to fully understand its content. Read more
Published 10 months ago by Alberto W. Ramos
4.0 out of 5 stars Very good introduction
It covers all the basics, is clear and concise, and has enough examples and problems to test knowledge. Whenever more information can be given, references are provided. Read more
Published 14 months ago by UserAbuser
5.0 out of 5 stars Great introduction to Forecasting without overwhelming mathematics
I read this book prior to taking some SAS forecasting classes - it was a great preparation for my training.
Published 16 months ago by Andrew Harrison
3.0 out of 5 stars Pas mal mais...
On trouve aujourd'hui des cours PDF gratuits sur le web beaucoup plus détaillés et fouillés que ce livre si on cherche pendant 1 à 2 heures sur Google. Read more
Published on April 16, 2011 by V. Isoz
5.0 out of 5 stars Excellent for the Practitioner
I bought this book over a year ago and have been using it weekly for that year. Yes, I have many other books on Time Series Analysis, but none are as clear and concise as this... Read more
Published on December 29, 2010 by Stevenm Rollins
5.0 out of 5 stars Bible of Forecasting!
Compared with many other forecasting books, I still believe this is the Bible of Forecasting.
Published on October 29, 2008 by Reader
3.0 out of 5 stars Mildly helpful
If you need advanced Forecasting Methods and like the thick mathematical language of typical textbooks, this is for you.
Published on February 13, 2007 by cititor
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