Knowledge Base Repository

In addition to research papers, the Design Society is developing several valuable resources for those interested in the study of design. These include a repository of PhD theses, a library of case studies and transcripts of design activities, and an archive of our newsletters. Please note that these resources are accessible exclusively to Design Society members.

Classification of Forecasting Methods with Respect to Their Structure

Malhotra, S.; Das, L. K.; Chariar, V. M.


Type:
Year:
2015
Editor:
Amaresh Chakrabarti, Toshiharu Taura and Yukari Nagai
Author:
Institution:
1Indian Institute of Technology, Delhi
Section:
Innovation Management and Decision Making
Page(s):
150-157
ISBN:
978-1-904670-60-5
Abstract:
Forecasting and Future mapping are indispensible methods used by researchers, strategists, leaders and visionaries to know possibilities for future and make arrangements to get prepared for the consequences. This is the foundation thought that supports universal harmony and sustainability at large. One aim of this paper is to identify a commonality among various forecasting techniques to identify an underlying structure and define a generalized and prospective forecasting process. Furthermore, different forecasting methods have their unique strengths and focus areas that define their application areas. This paper also aims towards discovering these specific focus areas and highlights convergence of various techniques to form a wholesome solution for more challenging tasks such as forecasting for a long term horizon or social forecasting.
Keywords:

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