Artificial Intelligence in Forecasting: Tools and Techniques
- Title
- Artificial Intelligence in Forecasting: Tools and Techniques
- Creator
- Mohanty S.N.; Nanjundan P.; Kar T.
- Description
- Forecasting deals with the uncertainty of the future. To be effective, forecasting models should be timely available, accurate, reliable, and compatible with existing database. Accurate projection of the future is of vital importance in supply chain management, inventory control, economic condition, technology, growth trend, social change, political change, business, weather forecasting, stock price prediction, earthquake prediction, etc. AI powered tools and techniques of forecasting play a major role in improving the projection accuracy. The software running AI forecasting models use machine learning to improve accuracy. The software can analyse the past data and can make better prediction about the future trends with higher accuracy and confidence that favours for making proper future planning and decision. In other words, accurate forecasting requires more than just the matching of models to historical data. The book covers the latest techniques used by managers in business today, discover the importance of forecasting and learn how its accomplished. Readers will also be familiarised with the necessary skills to meet the increased demand for thoughtful and realistic forecasts. 2024 Sachi Nandan Mohanty, Preethi Nanjundan and Tejaswini Kar.
- Source
- Artificial Intelligence in Forecasting: Tools and Techniques, pp. 1-356.
- Date
- 2024-01-01
- Publisher
- CRC Press
- Coverage
- Mohanty S.N., School of Computer Science & Engineering, VIT-AP University, Amaravati, India; Nanjundan P., Department of Data Science, CHRIST (Deemed to be University), Pune Lavasa, India; Kar T., School of Electronics Engineering, KIIT Deemed to be University, Bhubaneswar, India
- Rights
- Restricted Access
- Relation
- ISBN: 978-104005150-4; 978-103250615-9
- Format
- Online
- Language
- English
- Type
- Book
Collection
Citation
Mohanty S.N.; Nanjundan P.; Kar T., “Artificial Intelligence in Forecasting: Tools and Techniques,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 23, 2025, https://archives.christuniversity.in/items/show/17448.