Through a partnership, it recently created a forecasting model for its power generation and distribution network.
In this study, using 10 years' monthly values of Currency Issued (CI), Total Money Supply (TMS, Consumerr Price Index (CPI) and Interest Rate (IR), by means of Adaptive Neuro-Fuzzy Inference System, we have created a forecast model MFDD (Model of Forecasting the Domestic Debt) in order to predict domestic debt.
"We were under the gun to create sales forecasts for our JV partner and a major investor, so I merged three existing spreadsheets to create a simple forecasting model over a weekend".
The overall algorithm used to create a forecast is as follows: 1) Divide the entire forecast region into smaller subregions.
Steps in choosing a forecasting model: deflation?
We constructed a forecasting model using a system dynamics approach.
Now, six years later, Professor Coimbra, 44, and his collaborator, Jan P. Kleissl, 37, have created a forecasting engine that they say is 20 to 40 percent more accurate than the model in common use.
The present study aims to utilise regional climate change scenario data for Sweden and regional data on past human tularaemia infections to create a model that forecast the magnitude of future human outbreaks.
For example, when you're forecasting, create a model where sales decrease by 10%, refunds increase by 10%, your inventory gets stuck in customs for a week and you are hit with a big, unexpected fee.
Using sophisticated computer programs, Professor Coimbra has been collecting data on cloud movements for years to try and create weather forecasting models useful for dozens of industries.
