Complex Methods Do Not Always Give Better Forecasts
eLogistics & eFulfillment
Since 1979 different forecasting methods are being tested on reliability and accuracy. This takes place in the so called Makridakis Competitions, or M-Competitions. The main conclusions of the latest M3 competition were published in the latest issue ‘International Journal of Forecasting’ van July/September 2005.
Since 1979 different forecasting methods are being tested on reliability and accuracy. This takes place in the so called Makridakis Competitions, or M-Competitions. The main conclusions of the latest M3 competition were published in the latest issue ‘International Journal of Forecasting’ van July/September 2005.
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