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Author: | Lon-Mu, L. |
Title: | Sales forecasting using multi-equation transfer function models. (!Multi-variable models) |
Journal: | Journal of Forecasting
1987 : OCT-DEC, VOL. 6:4, p. 223-238 |
Index terms: | SALES FORECASTING |
Language: | eng |
Abstract: | It is aimed to demonstrate how multivariate forecasting models can be effectively used to generate high performance forecasts for typical business applications. The forecasts generated by a simultaneous transfer function model and a white noise regression model are compared with that of a univariate ARIMA model. The accuracy of these forecasting models is judged. It is found that ignoring the residual serial correlation can greatly degrade the forecasting performance of a multivariable model, and in some cases, cause a multivariable model to perform inferior to a univariate ARIMA model. |
SCIMA