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A decision support system for combining forecasting results

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2003
Bilkay, Tunç
The present study aims to develop an analysis package for combining forecasts that are obtained from different forecast methods. The package is composed of three modules, namely, the data input module, the data analysis module and the combination module. In data input module, the data is entered and saved as an Excel file with the given name. In data analysis module, the program computes the forecasts of the selected methods and displays the forecast results, the mean absolute errors, the mean square errors and the mean absolute percentage errors of these methods. In combination module, the forecast results, computed in the data analysis module, are combined according to the selected combination methods. All the detailed calculations of the forecasts and the values assigned by the program to minimize the mean absolute deviations, the mean square errors and the mean absolute percentage errors are displayed under the columns of the related method on the Excel spreadsheet of the file.