[Article] Forecasting: Theory and Practice
Article from Cost Action members, with acknowledgement to the Action
The International Journal of Forecasting has just published “Forecasting: Theory and Practice,” which is an encyclopedic article on forecasting written by 80 leading scholars and is available online with open access at this link (https://doi.org/10.1016/j.ijforecast.2021.11.001).
This non-systematic review of forecasting theory and practice gives an overview of a wide range of theoretical, state-of-the-art models, methods, concepts, and approaches for preparing, producing, organizing, and evaluating forecasts. The theoretical concepts are also applied in a variety of real-life examples, including but not limited to economics, finance, artificial intelligence, sports, elections, and weather, among others. The appendix contains both open-source data and code that can be used to replicate some of the results described in this article.