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Forecasting: Principles and Practice
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Forecasting is required in many situations. Deciding whether to build another power generation plant in the next five years requires forecasts of future demand. Scheduling staff in a call centre next week requires forecasts of call volumes. Stocking an inventory requires forecasts of stock requirements. Telecommunication routing requires traffic forecasts a few minutes ahead. Whatever the circumstances or time horizons involved, forecasting is an important aid in effective and efficient planning. This textbook provides a comprehensive introduction to forecasting methods and presents enough information about each method for readers to use them sensibly. Examples use R with many data sets taken from the authors' own consulting experience. In this third edition, all chapters have been updated to cover the latest research and forecasting methods. One new chapter has been added on time series features. The latest version of the book is freely available online at http: //OTexts.com/fpp3.
- Print length442 pages
- LanguageEnglish
- PublisherOtexts
- Publication dateMay 31, 2021
- Dimensions6.69 x 0.9 x 9.61 inches
- ISBN-100987507133
- ISBN-13978-0987507136
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Product details
- Publisher : Otexts
- Publication date : May 31, 2021
- Edition : 3rd ed.
- Language : English
- Print length : 442 pages
- ISBN-10 : 0987507133
- ISBN-13 : 978-0987507136
- Item Weight : 2.31 pounds
- Dimensions : 6.69 x 0.9 x 9.61 inches
- Best Sellers Rank: #523,133 in Books (See Top 100 in Books)
- #190 in Business Planning & Forecasting (Books)
- #1,197 in Strategic Business Planning
- #1,389 in Systems & Planning
- Customer Reviews:
About the authors

Discover more of the author’s books, see similar authors, read book recommendations and more.

Professor Rob J Hyndman FAA FASSA (1967-) is an Australian statistician based at Monash University, Melbourne, Australia. He is best-known for his work in statistical forecasting, and was Editor-in-Chief of the International Journal of Forecasting from 2005-2018. In 2007, he won the Moran medal from the Australian Academy of Science for his contributions to research in statistics. In 2021, he won the Pitman medal from the Statistical Society of Australia. He is an elected Fellow of the Australian Academy of Science and the Academy of the Social Sciences in Australia. Further information is available on his website: robjhyndman.com















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