Chapter

Principles of Forecasting

Volume 30 of the series International Series in Operations Research & Management Science pp 1-12

Introduction

  • J. Scott ArmstrongAffiliated withThe Wharton School, University of Pennsylvania

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Abstract

The “Introduction” sets the stage for forecasting by explaining its uses and how it relates to planning. It discusses how the principles cover all aspects of forecasting from formulating the problem to the use of the forecasts. It also explains where the principles come from. In short, they are based on the work of 40 leading experts who have reviewed the published research involving thousands of studies. Their conclusions have been subjected to extensive peer review by the other authors and by more than 120 outside reviewers, most of them leading experts in forecasting.