Forecasting: Principles and Practice (3rd

Forecasting: Principles and Practice (3rd ed) Rob J Hyndman and George Athanasopoulos Monash University, Australia Forecasting is a technique for making predictions of the direction of future trends based on the analysis of past and present data. Businesses use forecasting to determine how to allocate their budgets or plan for expected expenses for an upcoming period of time. Forecasting is a process to predict future events by conducting an analysis of past data to find systematic relationships. Learn more here. Discover the methods behind financial forecasts and the risks inherent when we seek to predict the future.