Spyros Makridakis - Forecasting challenges and the contributions of the M competitions

PyData Cyprus Meetup - April 2021

Abstract
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Predictions are needed for planning, scheduling, supply chain and similar decisions concerned with future, uncertain events and is the role of forecasting to provide such predictions to allow making these decisions as rationally and efficiently as possible. This talk discusses the many challenges facing the field and describes how the M competitions have offered objective, empirical evidence to guide the theory and practice of forecasting towards methods that are both more accurate while, at the same time, estimating uncertainty more realistically.


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