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assumed to be Gaussian, the resulting prediction distribution may have an infinite variance beyond a certain forecasting … approximation causes no serious problems for parameter estimation or for forecasting one or two steps ahead. However, for longer …. The performance of the Gaussian approximation is compared with those of two lognormal models for short-term forecasting …
Persistent link: https://www.econbiz.de/10005125278
exponential smoothing method of forecasting on a database of demand series for slow moving car parts. The methods considered … negative binomial measurements, and the Croston method of forecasting. In the case of the Croston method, a maximum likelihood …
Persistent link: https://www.econbiz.de/10005427641
Exponential smoothing is often used to forecast lead-time demand for inventory control. In this paper, formulae are provided for calculating means and variances of lead-time demand for a wide variety of exponential smoothing methods. A feature of many of the formulae is that variances, as well...
Persistent link: https://www.econbiz.de/10005581115
-term forecasting and also produce sensible long-term forecasts. The forecasts are compared with the official Australian government …
Persistent link: https://www.econbiz.de/10005149064
the other periods. Croston's method is a widely used procedure for intermittent demand forecasting. However, it is an ad …
Persistent link: https://www.econbiz.de/10005087603
It is a common practice to complement a forecasting method such as simple exponential smoothing with a monitoring …
Persistent link: https://www.econbiz.de/10005087610