Forecasting is required in many situations. Deciding whether to build another power generation plant in the next five years requires forecasts of future demand. Scheduling staff in a call centre next week requires forecasts of call volumes. Stocking an inventory requires forecasts of stock requirements. Telecommunication routing requires traffic forecasts a few minutes ahead. Whatever the circumstances or time horizons involved, forecasting is an important aid in effective and efficient planning. This textbook provides a comprehensive introduction to forecasting methods and presents enough information about each method for readers to use them sensibly. Examples use R with many data sets taken from the authors' own consulting experience. In this third edition, all chapters have been updated to cover the latest research and forecasting methods. One new chapter has been added on time series features. The latest version of the book is freely available online at http: //OTexts.com/fpp3.
Learn the secrets of how successful businesses consistently predict and grow revenue.
Imagine how great it will feel presenting to your board when the team is perfectly aligned, everyone knows their numbers, and has a proven process to deliver growth.
It is not a dream. It can be reality.
The Forecast takes you on a step-by-step journey with a fictional team as they pull together to save their small tech business.
When confronted with their accountant's questionable advice to sell the family business, Danny and his sister take matters into their own hands and try to save the company from going under, while also saving their late dad's vision.
Through storytelling, humor, and hard-truth candor, The Forecast shares dozens of practical and easy to understand examples of how to pull together and kick start growth.
In this book you will DISCOVER:
- Tested leadership lessons from mentors and advisors
- Steps to empower your team to own their numbers and get results
- Proven techniques to build data-driven forecasts
PLUS, you will get free online access to:
- Forecasting Self-Assessment Questionnaires
- Customer Journey Checklists
- Templates for Conducting Forecasting Workshops
The Forecast is your roadmap for growth.
Huge Demographic Shifts Explained and Quantified for Decision Makers
Demographics determine the direction of your business. Demographic trends can be overwhelming, misleading, confusing, conflicting, and difficult to predict. Not anymore.
John Burns and Chris Porter wrote this book to help make demographic trends easier to understand, quantify, and anticipate. Readers of this book will have a huge competitive advantage because they will be making decisions with facts, and they will be better able to adjust their strategies when unanticipated events shift prevailing trends. Know the facts, and learn to - plan your business better; - support your decisions with facts; and - clarify the demographic confusion using the groupings and frameworks used in this book.
Learn the secrets of how successful businesses consistently predict and grow revenue.
Imagine how great it will feel presenting to your board when the team is perfectly aligned, everyone knows their numbers, and has a proven process to deliver growth.
It is not a dream. It can be reality.
The Forecast takes you on a step-by-step journey with a fictional team as they pull together to save their small tech business.
When confronted with their accountant's questionable advice to sell the family business, Danny and his sister take matters into their own hands and try to save the company from going under, while also saving their late dad's vision.
Through storytelling, humor, and hard-truth candor, The Forecast shares dozens of practical and easy to understand examples of how to pull together and kick start growth.
In this book you will DISCOVER:
- Tested leadership lessons from mentors and advisors
- Steps to empower your team to own their numbers and get results
- Proven techniques to build data-driven forecasts
PLUS, you will get free online access to:
- Forecasting Self-Assessment Questionnaires
- Customer Journey Checklists
- Templates for Conducting Forecasting Workshops
The Forecast is your roadmap for growth.
How would like to spot future trends before the competition?
We all know the rules for success in our business or professions, yet we also know that these rules--paradigms--can change at any time. What Joel Barker does in Paradigms: The Business of Discovering the Future is explain how to spot paradigm shifts, how they unfold, and how to profit from them. Through the power of this method--paradigm spotting--you can:
In addition, Paradigms is full of concrete examples of paradigm shifts and predictions for the future, and contains a new introduction detailing recent developments and pointing out areas to watch tor paradigm shifts.
INSTANT WALL STREET JOURNAL BESTSELLER!
Bold, provocative...illuminates why we're having fewer babies, the middle class is stagnating, unemployment is shifting, and new powers are rising.2017 Reprint of 1939 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition software. The author believes in the nature of certain cyclical climatic forces which seem to influence our outlook and behavior. Smith provides intricate charts showing how rain and weather influence the rise and fall of market prices and sales. He maintains that certain situations follow a ten year pattern. Certainly not for the average investor who hopes to find a new trick, but perhaps better suited for the research minded who want to apply intricate mathematical suppositions and theories to an interesting field.
NEWS FLASH... This book was just awarded Book of the Year by The Technical Analyst
In my decades of professional experience as a statistical consultant in the field of financial market trading, the single most important lesson that I've learned about trading is this: the quality of the indicators is vastly more important than the quality of the trading algorithm or predictive model. If you are sloppy about your indicator computation, no high-tech model or algorithm is going to bail you out. Garbage in, garbage out still rules.
This book presents numerous traditional and modern indicators that have been shown to carry significant predictive information. But it will do far more than just that. In addition to a wealth of useful indicators, you will see the following issues discussed:
There are simple tests that let you measure the potential information-carrying capacity of an indicator. If your proposed indicator fails this information-capacity test, you should consider revising it. This book describes simple transformations that raise the information-carrying capacity of your indicators and make them more useful for algorithmic trading.
You will learn how to locate the regions in your indicator's domain where maximum predictive power occurs so that you can focus on these important values.
You will learn how to compute statistically sound probabilities to help you decide whether the performance of an indicator is legitimate or just the product of random good luck.
Most traditional indicators examine one market at a time. But you will learn how examining pairs of markets, or even large collections of markets simultaneously, can provide valuable indicators that quantify complex inter-market relationships.Govinda Khalsa devised a powerful indicator called the Follow-Through Index which reveals how likely it is that an existing trend will continue. This indicator is extremely useful to trend-following traders, but due to its complexity it is not widely employed. This book presents its essential theory and implementation in C++.
Gary Anderson developed a detailed and profound theory of market behavior that he calls The JANUS Factor. This theory enables computation of several powerful indicators that tell us, among other things, when trading opportunities are most likely to be profitable and when we should stay out of the market. This book provides the fundamental theory behind The JANUS Factor along with extensive C++ code.
Whether you compute a few indicators and trade by watching their plots on a computer screen, or do simple automated algorithmic trading, or employ sophisticated predictive models, this book provides tools that help you take your trading to a higher, more profitable level.
Use ChatGPT to improve your analysis of stock markets and securities
In The Predictive Edge: Outsmart the Market Using Generative AI and ChatGPT in Financial Forecasting, renowned AI and finance researcher Dr. Alejandro Lopez-Lira delivers an engaging and insightful new take on how to use large language models (LLMs) like ChatGPT to find new investment opportunities and make better trading decisions. In the book, you'll learn how to interpret the outputs of LLMs to craft sounder trading strategies and incorporate market sentiment into your analyses of individual securities.
In addition to a complete and accessible explanation of how ChatGPT and other LLMs work, you'll find:
A can't-miss playbook for taking advantage of the full potential of the latest AI advancements, The Predictive Edge is a fully to-date and exciting exploration of the intersection of tech and finance. It will earn a place on the bookshelves of individual and professional investors everywhere.
2019 Reprint of 1927 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition software. The Tunnel Thru the Air, Or Looking Back from 1940 is a science fiction novel written by market forecaster William Delbert Gann in 1927. In the Foreword, Gann hinted that this book is more than just a novel because it contains a valuable secret, clothed in veiled language. According to Gann, some will find it the first time they read it, others will see it in the second reading, but the greatest number will find the hidden secret when they read it the third time. Some traders believe Gann had encoded some techniques of financial astrology into this book and some even claim that they have devoted a lifetime to study this text.