Diffusion of Forecasting Principles through Books

  • James E. CoxJr.
  • David G. Loomis
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 30)


We evaluated 18 forecasting books to determine the extent to which they incorporate forecasting principles. The authors who have contributed to Principles of Forecasting have identified 139 principles. On average, we found that only 19 percent of the 139 forecasting principles were mentioned in the books reviewed. The weakest coverage is in the areas of collecting data, assessing uncertainty, and presenting forecasts. Even in the areas of best coverage (setting objectives, preparing data, and implementing quantitative models), only one-third of the principles were mentioned. We found that none of the 18 books incorporated very many of the 139 forecasting principles. The highest rated book mentions only 47 principles.


Forecasting books implementation information sources selection 


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Armstrong, J. S. (2001), “Standards and practices for forecasting,” in J. S. Armstrong (ed.), Principles of Forecasting. Norwell, MA: Kluwer Academic Publishers. Armstrong, J. S. & R. L. Schultz (1992), “Principles involving marketing policies: An empirical assessment,” Marketing Letters, 4, 253–225.Google Scholar
  2. Bails, D. G. & L. C. Peppers (1993), Business Fluctuations: Forecasting Techniques & Applications, 2nd ed. Englewood Cliffs, NJ: Prentice-Hall.Google Scholar
  3. Clements, M. P. & D. F. Hendry (1998), Forecasting Economic Time Series. New York: Cambridge University Press.CrossRefGoogle Scholar
  4. Clements, M. P. & D. F. Hendry (1999), Forecasting Non-stationary Economic Time Series. Cambridge, MA: MIT Press.Google Scholar
  5. Dalrymple, D. J. (1987), “Sales forecasting practices,” International Journal of Forecasting, 3, 379–392.CrossRefGoogle Scholar
  6. DeLurgio, S. A. (1998), Forecasting Principles and Applications. New York: Irwin/McGraw Hill.Google Scholar
  7. Diebold, F. X. (1998), Elements of Forecasting. Cincinnati: Southwestern College Publishing.Google Scholar
  8. Enders, W. (1995), Applied Econometric Time Series. New York: John Wiley & Sons.Google Scholar
  9. Gaynor, P. & R. C. Kirkpatrick (1994), Introduction to Time-Series Modeling and Forecasting in Business and Economics. New York: McGraw Hill.Google Scholar
  10. Hanke, J. E. & A. G. Reitsch (1998), Business Forecasting, 6th ed. Upper Saddle River, NJ: Prentice-Hall.Google Scholar
  11. Holden, K., D. A. Peel & J.L. Thompson (1990), Economic Forecasting: An Introduction. New York: Cambridge University Press.Google Scholar
  12. Kacapyr, E. (1996), Economic Forecasting: The State of the Art. Armonk, NY: M.E. Sharpe.Google Scholar
  13. Makridakis, S., S. C. Wheelwright & R. J. Hyndman (1998), Forecasting: Methods and Applications. New York: John Wiley & Sons.Google Scholar
  14. Mentzer, J. T. & C. C. Bienstock (1998), Sales Forecasting Management. Thousand Oaks: Sage Publications.Google Scholar
  15. Mentzer, J.T. & J. E. Cox (1984), “Familiarity, application and performance of sales forecasting techniques,” Journal of Forecasting, 3, 27–36.CrossRefGoogle Scholar
  16. Metcalfe, M. (1995), Forecasting Profit. Boston: Kluwer Academic Publishers.CrossRefGoogle Scholar
  17. Newbold, P. & T. Bos (1994), Introductory Business & Economic Forecasting, 2nd ed. Cincinnati: Southwestern College Publishing.Google Scholar
  18. Pindyck, R. S. & D. L. Rubinfeld (1998), Econometric Models and Economic Forecasts, 4th ed. New York: Irwin/McGraw Hill.Google Scholar
  19. Shim, J., J. Siegel & C.J. Liew (1994), Strategic Business Forecasting: The Complete Guide to Forecasting Real-World Company Performance. Chicago: Probus Publishing Co.Google Scholar
  20. Tryfos, P. (1997), Methods for Business Analysis and Forecasting: Text and Cases. New York, John Wiley.Google Scholar
  21. Wilson, J. H. & B. Keating (1998), Business Forecasting, 2nd ed. New York: Irwin/McGraw Hill.Google Scholar
  22. Wright, G. & P. Goodwin (eds.) (1998), Forecasting with Judgment. New York, John Wiley & Sons.Google Scholar

Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • James E. CoxJr.
    • 1
  • David G. Loomis
    • 1
  1. 1.Illinois State UniversityUSA

Personalised recommendations