Empirical evidence on individual, group and shrinkage seasonal indices
Chen, H and Boylan, J 2008, 'Empirical evidence on individual, group and shrinkage seasonal indices' , International Journal of Forecasting, 24 , pp. 525-534.
- Published Version
Restricted to Repository staff only
Download (171kB) | Request a copy
This paper provides empirical evidence on forecasting seasonal demand using both individual and group seasonal indices methods. The findings show that the group seasonal indices methods outperform the individual seasonal indices method. This paper also offers empirical results from comparing two shrinkage methods with the group seasonal indices methods. The theoretical rules developed by the authors for choosing between group seasonal indices and individual seasonal indices produce more accurate forecasts than do published rules for choosing between shrinkage methods, when measured by the MSE, and are competitive when measured by the symmetric MAPE.
|Themes:||Subjects outside of the University Themes|
|Schools:||Colleges and Schools > College of Business & Law > Salford Business School > Management Science and Statistics|
|Journal or Publication Title:||International Journal of Forecasting|
|Depositing User:||H Chen|
|Date Deposited:||07 Oct 2011 11:08|
|Last Modified:||20 Aug 2013 17:12|
Actions (login required)
|Edit record (repository staff only)|