In business and economic series it is often true that a constant rate of growth prevails. This can happen with the sales of a company, GNP, consumption patterns, etc. For example, if the growth in GNP is 5% a year, it ...

In Chapter 8 simple regression and correlation were introduced and discussed. In simple regression the basic proposition is that an independent variable can be used to predict the value of some dependent variable (the ...

In the preceding three chapters, several major classes of time-series forecasting methods were examined---exponential smoothing, decomposition, autoregressive/moving average, and filters. Various models within each ...

Table 2.1 shows the ages of the 230 students who entered INSEAD during the 1980/81 academic year. What can you make out of these numbers? Obνiously, the answer will depend upon who you are. Unless you haνe some objectiνe ...

Greece has started to employ a new measure of financing with quite important success, especially over the last years, and this is the option of financial leasing. The measure has been decreed and put into effect quite ...

This study primarily investigates differences in the market variables of companies that show corporate social responsibility (CSR) compared with those that do not. We also examine whether predictions of CSR can be ...

Forecasting has clearly become a field in its own right; its growth and change continue at a rather fast pace, as the number of published books and papers on the topic increases and as more experience about forecasting ...

Within New Keynesian economics, the optimality of a monetary policy that aims at zero inflation is surprisingly robust. Optimal monetary policy has this character despite the inefficiency of the nonstochastic steady state ...

This paper studies different types of commitment policy in an economy where the deterministic steady state is inefficient. We show how a policy suggested by the approach of policy design entails positive long-run inflation, ...

The purpose of this paper is to explore the reasons why combining works, discuss the implications involved and propose guidelines for improving the field of forecasting by exploiting the reasons that contribute to the ...

Failure is a natural process, observed in both biological and organizational systems. In this article different types of failure are illustrated and the most common factors that contribute to failure described. Delaying ...

Accurate forecasts are essential for a great number of applications yet large errors and considerable uncertainty characterize most of our attempts for predicting the future. This article surveys empirical studies on ...

Purpose – The main scope of the paper is to demonstrate the capabilities of PYTHIA forecasting platform, to compare time series forecasting techniques, which were used to forecast mortgage loans in UK, and to show how ...

The forecasting techniques available have increased both in number and com-plexity, so now is the time for a book to help both OR workers and managers to choose the most appropriate technique. Spyros Makridakis and Steven ...

Known from its last editions as the "Bible of Forecasting", the third edition of this authoritative text has adopted a new approach-one that is as new as the latest trends in the field: "Explaining the past is not adequate ...

Products ranging from Fifth Generation computers and sophisticated robotics to inexpensive, superfast wireless communications and smart cars will become widespread by the 21st century. At the same time, now unimagined new ...

Statistical forecasting is based on the assumption of constancy, or structural ability in the data. This paper argues that such an assumption might not always be realistic in real life forecasting situations. Unfortunately, ...

Are the costs of time arid effort spent on analyzing decisions outweighed by benefits? This issue was examined in the context of a competitive business game where human teams were pitted against two kinds of simple-minded ...

A thorough and practical look at how to exploit the opportunities presented by the integration of Europe into a single market. Details how the the single market environment will affect key business functions, from overall ...

Written by true experts. Informative yet so much fun to read!" Nassim Nicholas Taleb- author of The Black Swan "Easy-to-digest and highly competent. If everyone were to read this book, the world would become a more enlightened ...