The combination of forecasts is a well established procedure for improving forecast performance and decreasing the risk of selecting an inferior model out of an existing pool of models. Work in this area mainly focuses on combining several functionally different models, but some publications...

Forecasting is at the heart of every revenue management system, providing necessary input to capacity control, pricing and overbooking functionalities. For airlines, the key to efficient capacity control is determining the time of when to restrict bookings in a lower-fare class to leave space...

In research of time series forecasting, a lot of uncertainty is still related to the task of selecting an appropriate forecasting method for a problem. It is not only the individual algorithms that are available in great quantities; combination approaches have been equally popular in the last...

There are no algorithms that generally perform better or worse than random when looking at all possible data sets according to the no-free-lunch theorem. A specific forecasting method will hence naturally have different performances in different empirical studies. This makes it impossible to...

Am 20. Januar 2021 wird Joe Biden als der 46. Präsident der USA ins Weiße Haus einziehen. Mit dem Machtwechsel in Washington werden in Deutschland und in Europa große Erwartungen und Hoffnungen verbunden. Viele versprechen sich eine Entspannung der transatlantischen Beziehungen sowie die...