3.8 Further reading

• Ord et al. (2017) provides further discussion of simple benchmark forecasting methods.
• A review of forecast evaluation methods is given in Hyndman & Koehler (2006), looking at the strengths and weaknesses of different approaches. This is the paper that introduced the MASE as a general-purpose forecast accuracy measure.

Bibliography

Hyndman, R. J., & Koehler, A. B. (2006). Another look at measures of forecast accuracy. International Journal of Forecasting, 22(4), 679–688. [DOI]

Ord, J. K., Fildes, R., & Kourentzes, N. (2017). Principles of business forecasting (2nd ed.). Wessex Press Publishing Co. [Amazon]