Castle, Clements, Hendry - Forecasting
"The success of any forecasting device, method, or approach requires that:
(a) there are regularities to be captured;
(b) those regularities are informative about the future;
(c) the proposed method captures such regularities; yet
(d) excludes distorting non-regularities (noise)."
"The success of any forecasting device, method, or approach requires that:
(a) there are regularities to be captured;
(b) those regularities are informative about the future;
(c) the proposed method captures such regularities; yet
(d) excludes distorting non-regularities (noise)."
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