forecasting error
11Mean absolute scaled error — In statistics, the mean absolute scaled error (MASE) is a measure of the accuracy of forecasts . It was proposed in 2006 by Australian statistician Rob Hyndman, who described it as a generally applicable measurement of forecast accuracy without… …
12affective forecasting — pp. Predicting how one will feel should a particular event or outcome unfold. affective forecast n. affective forecaster n. Example Citations: How we forecast our feelings, and whether those predictions match our future emotional states, had… …
13Forecast error — In statistics, a forecast error is the difference between the actual or real and the predicted or forecast value of a time series or any other phenomenon of interest. In simple cases, a forecast is compared with an outcome at a single time point… …
14Adaptive expectations — In economics, adaptive expectations means that people form their expectations about what will happen in the future based on what has happened in the past. For example, if inflation has been higher than expected in the past, people would revise… …
15Overcast — A forecasting error that occurs when estimating volumes of items such as future cash flows, performance levels or production. Overcasting produces an estimation that is above the realized value. Overcasting is caused by a variety of forecasting… …
16Demand response — This article is about the electrical concept. For the transport concept, see Demand responsive transport. A clothes dryer using a demand response switch to reduce peak demand In electricity grids, demand response (DR) is similar to dynamic demand …
17Policy Ineffectiveness Proposition — The Policy Ineffectiveness Proposition (PIP) is a new classical theory proposed in 1976 by Thomas J. Sargent and Neil Wallace based upon the theory of rational expectations. It posits that governments are powerless in the management of output and …
18Undercast — A forecasting error that occurs when estimating items such as future cash flows, performance levels or production. Undercasting produces an estimation that is below the realized value. There are a number of factors that may lead to undercasting… …
19Прогнозирование — FORECASTING Оценка будущих тенденций экономического развития. Государственные институты и компании используют следующие методы прогнозирования: 1) Опрос потребителей, производителей, продавцов, экспертов и других участников экономических… …
20statistics — /steuh tis tiks/, n. 1. (used with a sing. v.) the science that deals with the collection, classification, analysis, and interpretation of numerical facts or data, and that, by use of mathematical theories of probability, imposes order and… …
