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INTRODUCTION TO THE COMBINED MODEL OF FORECASTING AND ITS APPLICATIONAND COMPARATION WITH ARIMA MODEL

1 KAČMÁRY Peter
Co-authors:
1 ROSOVÁ Andrea 1 STRAKA Martin 1 MALINDŽÁKOVÁ Marcela 1 PUŠKÁŠ Eduard
Institution:
1 Technical University of Košice, Faculty of BERG, Logistics Institute of Industry and Transport, Košice, peter.kacmary@tuke.sk, andrea.rosova@tuke.sk,martin.straka@tuke.sk, marcela.malindzakova@tuke.sk, eduard.puskas@gmail.com.
Conference:
Carpathian Logistics Congress, Priessnitz Spa, Jesenik, Czech Republic, EU, November 4th - 6th 2015
Proceedings:
Proceedings Carpathian Logistics Congress
Pages:
164-169
ISBN:
978-80-87294-61-1
ISSN:
2694-9318
Published:
18th April 2016
Proceedings of the conference were published in Web of Science.
Metrics:
491 views / 270 downloads
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Abstract

This paper describes the principle and calculation of combined model of forecasting, describes also the choice of methods for calculation, which should be used in the model, examples of forecasts creations by using historic time series of two types of magnesite sales in a big mining company in Slovakia. The resulted forecast is compared with well-known and widely used ARIMA model and finally the forecasts are compared with the real sale.

Keywords: Forecast, combined model of forecasting, time series, method, sale

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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