Another Word For It Patrick Durusau on Topic Maps and Semantic Diversity

May 23, 2012

Forecasting: principles and practice

Filed under: Business Intelligence,Forecasting — Patrick Durusau @ 2:23 pm

Forecasting: principles and practice: An online textbook by Rob J Hyndman and George Athanasopoulos.

From the preface:

Wel­come to our new online text­book on fore­cast­ing. This book is intended as a replace­ment for Makri­dakis, Wheel­wright and Hyn­d­man (Wiley 1998).

The entire book is avail­able online and free-of-charge. Of course, we won’t make much money doing this, but text­books never make much money any­way — the pub­lish­ers make all the money. We’d rather cre­ate some­thing that is widely used and use­ful, than have large pub­lish­ers profit from our efforts.

Even­tu­ally a print ver­sion of the book will be avail­able to pur­chase on Ama­zon, but not until a few more chap­ters are written.

This text­book is intended to pro­vide a com­pre­hen­sive intro­duc­tion to fore­cast­ing meth­ods and present enough infor­ma­tion about each method for read­ers to use them sen­si­bly. We don’t attempt to give a thor­ough dis­cus­sion of the the­o­ret­i­cal details behind each method, although the ref­er­ences at the end of each chap­ter will fill in many of those details.

The book is writ­ten for three audi­ences: (1) people find­ing them­selves doing fore­cast­ing in busi­ness when they may not have had any for­mal train­ing in the area; (2) undergraduate stu­dents study­ing busi­ness; (3) MBA stu­dents doing a fore­cast­ing elec­tive. We use it our­selves for a second-year sub­ject for stu­dents under­tak­ing a Bach­e­lor of Com­merce degree at Monash Uni­ver­sity, Australia.

Should be a useful resource for learning the forecasting “lingo” in a business context. Or for learning forecasting for that matter.

The middle chapters on regression, as the authors point out, are unfinished by they hope to have the book complete by the end of 2012.

It could be a really nice gesture on our part if we all read a chapter or so and suggested corrections to improvements to the prose.

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