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• W2022721685 abstract "Reid (1972) was among the first to argue that the relative accuracy of forecasting methods changes according to the properties of the time series. Comparative analyses of forecasting performance such as the M-Competition tend to support this argument. The issue addressed here is the usefulness of statistics summarizing the data available in a time series in predicting the relative accuracy of different forecasting methods. Nine forecasting methods are described and the literature suggesting summary statistics for choice of forecasting method is summarized. Based on this literature and further argument a set of these statistics is proposed for the analysis. These statistics are used as explanatory variables in predicting the relative performance of the nine methods using a set of simulated time series with known properties. These results are evaluated on observed data sets, the M-Competition data and Fildes Telecommunications data. The general conclusion is that the summary statistics can be used to select a good forecasting method (or set of methods) but not necessarily the best. Copyright © 2000 John Wiley & Sons, Ltd." @default.
• W2022721685 created "2016-06-24" @default.
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• W2022721685 date "2000-01-01" @default.
• W2022721685 modified "2023-10-02" @default.
• W2022721685 title "Evidence for the selection of forecasting methods" @default.
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• W2022721685 doi "https://doi.org/10.1002/1099-131x(200011)19:6<515::aid-for754>3.0.co;2-7" @default.
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