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The Theta model: an essential forecasting tool for supply chain planning

Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSNChapter (peer-reviewed)

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Standard

The Theta model : an essential forecasting tool for supply chain planning. / Nikolopoulos, Konstantinos; Assimakopoulos, Vassilios; Bougioukos, Nikos; Litsa, Akrivi; Petropoulos, Fotios.

Advances in automation and robotics, Vol. 2: Selected Papers from the 2011 International Conference on Automation and Robotics (ICAR 2011), Dubai, December 1–2, 2011. ed. / Gary Lee. Vol. 2 Berlin : Springer Verlag, 2012. p. 431-437 (Lecture Notes in Electrical Engineering; Vol. 123).

Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSNChapter (peer-reviewed)

Harvard

Nikolopoulos, K, Assimakopoulos, V, Bougioukos, N, Litsa, A & Petropoulos, F 2012, The Theta model: an essential forecasting tool for supply chain planning. in G Lee (ed.), Advances in automation and robotics, Vol. 2: Selected Papers from the 2011 International Conference on Automation and Robotics (ICAR 2011), Dubai, December 1–2, 2011. vol. 2, Lecture Notes in Electrical Engineering, vol. 123, Springer Verlag, Berlin, pp. 431-437. https://doi.org/10.1007/978-3-642-25646-2_56

APA

Nikolopoulos, K., Assimakopoulos, V., Bougioukos, N., Litsa, A., & Petropoulos, F. (2012). The Theta model: an essential forecasting tool for supply chain planning. In G. Lee (Ed.), Advances in automation and robotics, Vol. 2: Selected Papers from the 2011 International Conference on Automation and Robotics (ICAR 2011), Dubai, December 1–2, 2011 (Vol. 2, pp. 431-437). (Lecture Notes in Electrical Engineering; Vol. 123). Springer Verlag. https://doi.org/10.1007/978-3-642-25646-2_56

Vancouver

Nikolopoulos K, Assimakopoulos V, Bougioukos N, Litsa A, Petropoulos F. The Theta model: an essential forecasting tool for supply chain planning. In Lee G, editor, Advances in automation and robotics, Vol. 2: Selected Papers from the 2011 International Conference on Automation and Robotics (ICAR 2011), Dubai, December 1–2, 2011. Vol. 2. Berlin: Springer Verlag. 2012. p. 431-437. (Lecture Notes in Electrical Engineering). https://doi.org/10.1007/978-3-642-25646-2_56

Author

Nikolopoulos, Konstantinos ; Assimakopoulos, Vassilios ; Bougioukos, Nikos ; Litsa, Akrivi ; Petropoulos, Fotios. / The Theta model : an essential forecasting tool for supply chain planning. Advances in automation and robotics, Vol. 2: Selected Papers from the 2011 International Conference on Automation and Robotics (ICAR 2011), Dubai, December 1–2, 2011. editor / Gary Lee. Vol. 2 Berlin : Springer Verlag, 2012. pp. 431-437 (Lecture Notes in Electrical Engineering).

Bibtex

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title = "The Theta model: an essential forecasting tool for supply chain planning",
abstract = "The Theta model created a lot of interest in academic circles due to its surprising performance in the M3-competition, the biggest ever time series forecasting competition. As a result in the subsequent years it became a benchmark in any empirical forecasting exercise and an essential tool for efficient Supply Chain Management ad planning as it provides very accurate point forecasts. The present study focuses on if the Theta model is a special case of Simple Exponential Smoothing with drift (SES-d). The Theta model outperforms SES-d in the Quarterly-M3 and Other-M3 subsets by 0.30% and 0.36%.",
keywords = "Theta model, Exponential Smoothing, M3-Competition, Supply Chain forecasting",
author = "Konstantinos Nikolopoulos and Vassilios Assimakopoulos and Nikos Bougioukos and Akrivi Litsa and Fotios Petropoulos",
year = "2012",
doi = "10.1007/978-3-642-25646-2_56",
language = "English",
isbn = "9783642256455",
volume = "2",
series = "Lecture Notes in Electrical Engineering",
publisher = "Springer Verlag",
pages = "431--437",
editor = "Gary Lee",
booktitle = "Advances in automation and robotics, Vol. 2",

}

RIS

TY - CHAP

T1 - The Theta model

T2 - an essential forecasting tool for supply chain planning

AU - Nikolopoulos, Konstantinos

AU - Assimakopoulos, Vassilios

AU - Bougioukos, Nikos

AU - Litsa, Akrivi

AU - Petropoulos, Fotios

PY - 2012

Y1 - 2012

N2 - The Theta model created a lot of interest in academic circles due to its surprising performance in the M3-competition, the biggest ever time series forecasting competition. As a result in the subsequent years it became a benchmark in any empirical forecasting exercise and an essential tool for efficient Supply Chain Management ad planning as it provides very accurate point forecasts. The present study focuses on if the Theta model is a special case of Simple Exponential Smoothing with drift (SES-d). The Theta model outperforms SES-d in the Quarterly-M3 and Other-M3 subsets by 0.30% and 0.36%.

AB - The Theta model created a lot of interest in academic circles due to its surprising performance in the M3-competition, the biggest ever time series forecasting competition. As a result in the subsequent years it became a benchmark in any empirical forecasting exercise and an essential tool for efficient Supply Chain Management ad planning as it provides very accurate point forecasts. The present study focuses on if the Theta model is a special case of Simple Exponential Smoothing with drift (SES-d). The Theta model outperforms SES-d in the Quarterly-M3 and Other-M3 subsets by 0.30% and 0.36%.

KW - Theta model

KW - Exponential Smoothing

KW - M3-Competition

KW - Supply Chain forecasting

U2 - 10.1007/978-3-642-25646-2_56

DO - 10.1007/978-3-642-25646-2_56

M3 - Chapter (peer-reviewed)

SN - 9783642256455

VL - 2

T3 - Lecture Notes in Electrical Engineering

SP - 431

EP - 437

BT - Advances in automation and robotics, Vol. 2

A2 - Lee, Gary

PB - Springer Verlag

CY - Berlin

ER -