This paper examines the forecasting accuracy and the cost effectiveness of time series models with time …-varying coefficients. A simulation study investigates the potential forecasting benefits of a proposed Kalman filter type adaptive … estimation and forecasting approach. It is found that: (1) When appropriate, the time-varying coefficient approach leads to …

This paper analyzes the impact of forecasting on inventory decisions in a large physical distribution system …. Alternative forecasting models are evaluated by developing tradeoff curves between inventory investment and customer service. The … results demonstrate that the choice of forecasting model is an important factor in determining the amount of investment needed …

This paper proposes a new approach to time series forecasting based upon three premises. First, a model is selected not … forecasting horizon separately, making it possible to have different models/methods to predict each of the m horizons. This …