Forecasting news and blogs

Selecting the best model for improving forecasting performance 27/08/13

Selecting the best model for improving forecasting performance

A major issue in forecasting is the selection of an appropriate model. Practitioners and forecasters regularly face this problem, having to choose a priori the best model from a set of alternatives. This becomes even more interesting, given that if the selection was to be done perfectly then the gains would be substantial (25-30% improvement in forecasting performance).

07/08/13

Zero hour contracts and employer flexibility: the role of forecasting

Employers, say the Institute of Directors (IoD), need zero hour contracts to meet the organisation's varying demand. But much of demand is predictable - this includes hourly, daily and weekly seasonal patterns, holidays and some special events.

24/07/13

LCF organised the Forecasting Stream at the EURO/INFORMS 2013 Conference

LCF organised the Forecasting Stream at the EURO/INFORMS 2013 Conference. The stream was the third largest in the Conference, featuring 54 talks over 14 sessions.

24/07/13

Dr Gokhan Yildirim attended the Marketing Science Conference

The INFORMS Marketing Science Conference is an annual event that is held under the auspices of the INFORMS Society for Marketing Science (ISMS) sub-branch.

23/07/13

Researchers from the Centre presented at the ISF2013

The Lancaster Centre for Forecasting is strongly engaged with the International Symposium on Forecasting. Many members of the team presented their research during the latest ISF that held in Seoul, Korea, 23-26 June 2013.

23/07/13

Research visit at Monash University

Towards the continuing research collaboration with Monash University, Dr Nikolaos Kourentzes and Dr Fotios Petropoulos visited the Business and Economic Forecasting Unit of the Department of Econometrics and Business Statistics in June 2013.