Improving the forecasting function for a Credit Hire operator in the UK Online publication date: Thu, 17-Sep-2009
by Nicolas D. Savio, K. Nikolopoulos, Konstantinos Bozos
International Journal of Business Forecasting and Marketing Intelligence (IJBFMI), Vol. 1, No. 2, 2009
Abstract: This study aims to test on the predictability of Credit Hire services for the automobile and insurance industry. A relatively sophisticated time series forecasting procedure, which conducts a competition among exponential smoothing models, is employed to forecast demand for a leading UK Credit Hire operator (CHO). The generated forecasts are compared against the Naive method, resulting that demand for CHO services is indeed extremely hard to forecast, as the underlying variable is the number of road accidents – a truly stochastic variable.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business Forecasting and Marketing Intelligence (IJBFMI):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com