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Mathematical Underpinnings of AnalyticsTheory and Applications$
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Peter Grindrod

Print publication date: 2014

Print ISBN-13: 9780198725091

Published to Oxford Scholarship Online: March 2015

DOI: 10.1093/acprof:oso/9780198725091.001.0001

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Adaptive forecasting

Adaptive forecasting

(p.168) 6 Adaptive forecasting
Mathematical Underpinnings of Analytics

Peter Grindrod CBE

Oxford University Press

This chapter considers the problem of conditioning models and making forecasts as more and more information arrives, moving away from a subjective prior estimate for a model. It presents applications to sales forecasts for new product launches energy demand forecasting using smart metre data from domestic consumers.

Keywords:   Bayesian updating, product launches, linear models, domestic energy demand, smart metre data, discrete and continuous optimization

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