The Combination of Forecasts
Journal of the Operational Research SocietyPublished 1 December 1969
John M. Bates, Clive W. J. Granger
Citations3,077
SJR quartileQ1
SJR score0.92
SNIP1.26
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Abstract
Two separate sets of forecasts of airline passenger data have been combined to form a composite set of forecasts. The main conclusion is that the composite set of forecasts can yield lower mean-square error than either of the original forecasts. Past errors of each of the original forecasts are used to determine the weights to attach to these two original forecasts in forming the combined forecasts, and different methods of deriving these weights are examined.
Keywords
Decision SciencesEconomics, Econometrics and Finance
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