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Forecasting Models - Methods and Applications (Paperback)
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Forecasting Models - Methods and Applications (Paperback)
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Forecasting is the process of making statements about events whose
actual outcomes have not yet been observed. A more general term of
forecasting is prediction. Prediction plays a very important role
in our daily life. Its scope is extremely wide: weather
forecasting, stock market prediction, supply-demand prediction,
population forecasting, traffic prediction, protein-protein
interaction prediction, etc. In order to facilitate our discussion,
we can only include some topics that are widely being discussed and
can reflect the interest of most people. Specifically, this book
presents how forecasting models are being used and why they are
important in the following areas: supply-demand analysis (Chapter
1), systems performance (Chapter 2 - 3), bioinformatics (Chapter 4
- 5), financial markets (Chapter 6 - 10), electrical load analysis
(Chapter 11 - 13) and some other emerging/interesting areas
(Chapter 14 - 16). Inside, you will find the latest techniques used
in academic and industry today, discover the importance of
forecasting and prediction and learn how it's accomplished. And
you'll develop the necessary skills to meet the increased demand
for thoughtful and realistic forecasts. We especially put an
emphasis on the practical uses of forecasting & prediction in
this book. All chapters in this book have gone through a peer
review, a selection and an editing process so as to guarantee their
quality. This book can be served as a reference book for
undergraduate or postgraduate courses.
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