Definition:Forecasting
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Definition
In the context of the discipline of time series analysis, forecasting is the estimation of future observations of a given time series based on knowledge of current and past such observations.
Sources
- 1994: George E.P. Box, Gwilym M. Jenkins and Gregory C. Reinsel: Time Series Analysis: Forecasting and Control (3rd ed.) ... (previous) ... (next): $1$: Introduction