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How to Assess Forecastability

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Author Info
Stephan Kolassa
Abstract

Concluding a section on How to Assess Forecastability (Foresight, Issue 13), Stephan Kolassa comments on papers by Peter Catt and John Boylan (in the same issue). Stephan contrasts Catt’s preferred metric, approximate entropy, with Boylan’s lowest achievable forecast error (lower bound), seeking a practical synthesis of the two views. He also expands upon the meaning of the entropy metric and discusses key issues in the entropy calculation. Copyright International Institute of Forecasters, 2009

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Article provided by International Institute of Forecasters in its journal Foresight: The International Journal of Applied Forecasting.

Volume (Year): (2009)
Issue (Month): 13 (Spring)
Pages: 41-45
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Handle: RePEc:for:ijafaa:y:2009:1:13:p:41-45

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This page was last updated on 2009-12-8.

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