Transcription of The Forecasting Dictionary
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The Forecasting Dictionary
Principles of Forecasting : A Handbook for Researchers and Practitioners, J. Scott Armstrong (ed.): Norwell, MA: Kluwer Academic Publishers, 2001. The Forecasting Dictionary Updated: October 23, 2000 J. Scott Armstrong The Wharton School, University of Pennsylvania, Philadelphia PA 19104 "But glory doesn't mean "a nice knock-down argument," Alice objected. "When I use a word," Humpty Dumpty said, in a rather scornful tone, "it means just what I choose it to mean neither more nor less." "The question is," said Alice, "whether you can make words mean so many different things." "The question is," said Humpty Dumpty, "which is to be master that's all." Through the Looking Glass Lewis Carroll This Dictionary defines terms as they are commonly used in Forecasting . The aims, not always met, are to: ??provide an accurate and understandable definition of each term, ?
PRINCIPLES OF FORECASTING 4 AIC (Akaike Information Criterion). A goodness of fit measure that penalizes model complexity (based on the
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