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Forecasting: theory and practice

dc.contributor.authorPetropoulos, Fotios
dc.contributor.authorRamos, Patricia
dc.date.accessioned2023-01-25T09:10:22Z
dc.date.available2023-01-25T09:10:22Z
dc.date.issued2022-07
dc.description.abstractForecasting has always been at the forefront of decision making and planning. The uncertainty that surrounds the future is both exciting and challenging, with individuals and organisations seeking to minimise risks and maximise utilities. The large number of forecasting applications calls for a diverse set of forecasting methods to tackle real-life challenges. This article provides a non-systematic review of the theory and the practice of forecasting. We provide an overview of a wide range of theoretical, state-of-the-art models, methods, principles, and approaches to prepare, produce, organise, and evaluate forecasts. We then demonstrate how such theoretical concepts are applied in a variety of real-life contexts. We do not claim that this review is an exhaustive list of methods and applications. However, we wish that our encyclopedic presentation will offer a point of reference for the rich work that has been undertaken over the last decades, with some key insights for the future of forecasting theory and practice. Given its encyclopedic nature, the intended mode of reading is non-linear. We offer cross-references to allow the readers to navigate through the various topics. We complement the theoretical concepts and applications covered by large lists of free or open-source software implementations and publicly-available databases.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doihttps://doi.org/10.1016/j.ijforecast.2021.11.001pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.22/21836
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherElsevierpt_PT
dc.relation.ispartofseries3;
dc.subjectReviewpt_PT
dc.subjectEncyclopediapt_PT
dc.subjectMethodspt_PT
dc.subjectApplicationspt_PT
dc.subjectPrinciplespt_PT
dc.subjectTime seriespt_PT
dc.subjectPredictionpt_PT
dc.titleForecasting: theory and practicept_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage871pt_PT
oaire.citation.startPage705pt_PT
oaire.citation.titleInternational Journal of Forecastingpt_PT
oaire.citation.volume38pt_PT
person.familyNameRamos
person.givenNamePatricia
person.identifierR-000-E03
person.identifier.ciencia-id5E16-0270-BC7F
person.identifier.orcid0000-0002-0959-8446
person.identifier.ridB-2728-2017
person.identifier.scopus-author-id7103233146
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication774272fa-abef-4aca-8c70-7b874ccf79fa
relation.isAuthorOfPublication.latestForDiscovery774272fa-abef-4aca-8c70-7b874ccf79fa

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