Customer Reviews

Forecasting: Methods and Applications

5 star:		(8)
4 star:		(3)
3 star:		(2)
2 star:		(1)
1 star:		(0)

 

 

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.

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.

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.

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.

Compared with many other forecasting books, I still believe this is the Bible of Forecasting.

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.

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.

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!

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 one. If you just need to know then this is the first book to pick up. It gives the basics and helps you achieve understanding.

This book is not "up to date", but it does a good job covering many
basic statistical methods. The exposition is clear and easy to follow.