Stochastic models underlying Croston's method for intermittent demand forecasting

التفاصيل البيبلوغرافية
العنوان: Stochastic models underlying Croston's method for intermittent demand forecasting
المؤلفون: Shenstone, Lydia, Hyndman, Rob J.
سنة النشر: 2003
مصطلحات موضوعية: jel:C53, jel:C51, jel:C22, Uncategorized, Croston's method, exponential smoothing, forecasting, intermittent demand
الوصف: Intermittent demand commonly occurs with inventory data, with many time periods having no demand and small demand in the other periods. Croston's method is a widely used procedure for intermittent demand forecasting. However, it is an ad hoc method with no properly formulated underlying stochastic model. In this paper, we explore possible models underlying Croston's method and three related methods, and we show that any underlying model will be inconsistent with the properties of intermittent demand data. However, we find that the point forecasts and prediction intervals based on such underlying models may still be useful.
URL الوصول: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::7e19266fd9bd0d50a0e65a446d54df79
http://www.buseco.monash.edu.au/ebs/pubs/wpapers/2003/wp1-03.pdf
Rights: OPEN
رقم الانضمام: edsair.doi.dedup.....7e19266fd9bd0d50a0e65a446d54df79
قاعدة البيانات: OpenAIRE