Forecasting is one of the most pervasive elements of managerial decision-making. In many industries, it plays an important role in business and facilities. One technique used to develop forecasts is the ESDAR (Enhanced Stepwise Data Adjustment Regression) method for dealing with the response variables. It upgrades the concept for adding adjustment idea to the fitting process on regression by using the Unit Increment algorithm for calculating the more reliable base values and considering the periodic factor into forecasting values. A brief outline of ESDAR method is presented. The concept and process are explained. Some examples for international telecommunication traffic loads forecasting to demonstrate its superiority are presented.
Relation:
Asia-pacific journal of operational research 15(2), pp.225-238
