Theory and Applications
This book is the first to detail the Theta method of forecasting. The Theta method of Forecasting is considered one of the most difficult-to-beat forecasting benchmarks and has topped the biggest ever forecasting competition in the world – the M3 competition, which in 2000, involved 19 academic methods and six software packages to compete for what would provide the best forecasts for 3003 real series from industry, finance and economics.