Enders, Walter; Prodan, Ruxandra - In: Forecasting in the presence of structural breaks and …, (pp. 231-269). 2008
In contrast to recent forecasting developments, “Old School” forecasting techniques, such as exponential smoothing and the Box–Jenkins methodology, do not attempt to explicitly model or estimate breaks in a time series. Adherents of the “New School” methodology argue that once breaks...