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Standards and Practices for Forecasting

  • Chapter
Principles of Forecasting

Part of the book series: International Series in Operations Research & Management Science ((ISOR,volume 30))

Abstract

One hundred and thirty-nine principles are used to summarize knowledge about forecasting. They cover formulating a problem, obtaining information about it, selecting and applying methods, evaluating methods, and using forecasts. Each principle is described along with its purpose the conditions under which it is relevant, and the strength and sources of evidence. A checklist of principles is provided to assist in auditing the forecasting process. An audit can help one to find ways to improve the forecasting process and to avoid legal liability for poor forecasting.

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Authors and Affiliations

  1. The Wharton School, University of Pennsylvania, USA

    J. Scott Armstrong

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  1. J. Scott Armstrong
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  1. The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania, USA

    J. Scott Armstrong

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Armstrong, J.S. (2001). Standards and Practices for Forecasting. In: Armstrong, J.S. (eds) Principles of Forecasting. International Series in Operations Research & Management Science, vol 30. Springer, Boston, MA. https://doi.org/10.1007/978-0-306-47630-3_31

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  • DOI: https://doi.org/10.1007/978-0-306-47630-3_31

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-0-7923-7401-5

  • Online ISBN: 978-0-306-47630-3

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