Essays on Forecasting

Prescient models are critical on the grounds that they enable organizations to gauge the results of elective systems before execution and decide how to most adequately dispense rare assets, for example, showcasing dollars or work hours. Normal applications for prescient models include: Reaction and inspire...

Many business companies use forecasting to predict future data, like sales, budget, or inventory. According to Lewis (1997), it is a scientific method of getting estimated values from analyzing past statistics. Accurate forecasting is important to improve business operations, as it helps managers plan better....

Load forecasting is a unique problem in that it has many possible ways of getting a solution. There is no single approach that can be deemed to be the best. The most effective forecasting method is the one that provides a prediction that leads to...

Fast fashion products present a challenging problem in the domain of demand forecasting due to the industry’s characteristics. A reliable forecasting system must address the opposing factors of fast fashion products such as long time-to-market vs. short selling seasons as well as fashion trends, seasonality...

Currently, many different methods are used to predict wind speed. It is necessary to consider the most relevant methods used to predict wind speed, their features and scope of application, in order to identify the classes of methods applicable for solving the problem. Many papers...

In Limitless, the enhanced elite foreseen by Buchanan already exists. Atwood, the financial tycoon, and eventually Eddie, are part of this exclusive group. Buchanan predicts that the rich will be the first ones to buy access to the cognitive enhancers, making them the “willing guinea...