Article ID: | iaor20084776 |
Country: | Netherlands |
Volume: | 176 |
Issue: | 2 |
Start Page Number: | 1052 |
End Page Number: | 1065 |
Publication Date: | Jan 2007 |
Journal: | European Journal of Operational Research |
Authors: | Wang Tai-Yue, Huang Chien-Yu |
Keywords: | Taguchi method |
To satisfy the volatile nature of today's markets, businesses require a significant reduction in product development lead times. Consequently, the ability to develop precise product sales forecasts is of fundamental importance to decision-makers. Over the years, many forecasting techniques of varying capabilities have been introduced. The precise extent of their influences, and the interactions between them, has never been fully clarified, although various forecasting factors have been explored in previous studies. Accordingly, this study adopts the Taguchi method to calibrate the controllable factors of a forecasting model. An