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Forecasting: Methods and Applications

Forecasting: Methods and Applications

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Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
Publisher: Wiley
Category: Book

Buy New: $51.24



New (27) Used (18) from $51.24

Rating: 4.5 out of 5 stars 10 reviews
Sales Rank: 257202

Media: Hardcover
Edition: 3
Pages: 656
Number Of Items: 1
Shipping Weight (lbs): 2.7
Dimensions (in): 9.4 x 7.7 x 1.2

ISBN: 0471532339
Dewey Decimal Number: 338.5442
EAN: 9780471532330

Publication Date: December 1997
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Condition: Hardcover - 656 pages 3 edition (December 1997)

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Editorial Reviews:

Product Description
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.



Customer Reviews:   Read 5 more reviews...

5 out of 5 stars Down to earth, practical guide on forecasting.   December 13, 2003
Frederic Horst (Brussels, Belgium)
18 out of 18 found this review helpful

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.


5 out of 5 stars Great reference book!   July 6, 2006
Mau Ulloa (San Jose, Costa Rica)
1 out of 1 found this review helpful

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.


5 out of 5 stars Excellent book written with the practitioner in mind   April 29, 1998
Jean Louis Piraux (Belgique)
20 out of 20 found this review helpful

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.


5 out of 5 stars DecisionPro Users must have!   March 2, 2005
Vito Perez (LA)
7 out of 10 found this review helpful

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!


5 out of 5 stars This book has the formulas.   March 12, 2004
8 out of 9 found this review helpful

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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