The Theta model created a lot of interest in academic circles due to its surprising performance in the M3-competition. However, this interest was not followed by a large number of studies, with the exception of Hyndman and Billah in 2003. The present study discusses the advances in the model...

Many clients rely heavily on pretender price forecasts, provided by the Quantity Surveyor (QS), for their investment decisions. During the preliminary design stage, it is very common in practice for Q.S. to use historical building price data on which to base the forecast of the target project ?...

Building client/owners need estimates of likely construction costs for budgeting purposes early in the procurement process when little detailed design information is available beyond the type, size and location of the facility. One of the more sophisticated techniques available for this purpose...

Prediction markets are viewed as the most accurate instrument for collective forecasts. However, empirical studies, mostly based on political elections, deliver mixed results. An experimental study was conducted to avoid certain biases and problems and to better control conditions of eliciting...

Electrical load forecasting has always played a key role in power system administration, planning for energy transfer scheduling and load dispatch. For electrical load forecasting, due to the fact that combined model has the capacity to effectively calculate the seasonality and nonlinearity...

This study evaluates the forecasting accuracy of five alternative econometric models in the context of predicting the quarterly international tourism demand in 25 countries or country groupings. Tourism demand is measured in terms of tourist expenditure by inbound international visitors in a...