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Title: Forecasting: Methods and Applications: 2nd Ed by Spyros Makridakis, Steven C. Wheelwright, Victor E. McGee ISBN: 0-471-89365-X Publisher: John Wiley and Sons Ltd Pub. Date: 08 June, 1983 Format: Paperback

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Average Customer Rating: 3.71 (7 reviews)

Rating: 5
Summary: This book has the formulas.
Comment: Chapters 3 and 4, and on covered the vital information that is useful for inventory system forecasting at the SKU level, and for measuring the accuracy of the forecasts. This book was extremely helpful in that regard. Highly recommended.

Rating: 5
Summary: Down to earth, practical guide on forecasting.
Comment: The book provides coverage of three important areas:

- Basic forecasting tools and methods - summarizing data, statistical tools, regression, as well as some material on more advanced forecasting methods
- Data preparation - time series decomposition, smoothing methods
- A discussion of the issues involved in forecasting - long term versus short term forecasting, accuracy of forecasts, the importance and limitations of judgmental forecasts and combining these with statistical forecasts

I was fortunate enough to stumble across this book in a colleagues office and believe this book should belong in every market research professional's shelf.

Rating: 2
Summary: More of a reference text
Comment: I used this text for an undergraduate course in Industrial Forecasting. Unfortunately, the text is not very good if you actually want to learn new material from it. It is better suited as a reference text for you to look up equations and concepts after you have already learned them.