The M3-competition: Results, conclusions and implications

Spyros Makridakis, Michèle Hibon

    Research output: Contribution to journalArticlepeer-review

    Abstract

    This paper describes the M3-competition, the latest of the M-competitions. It explains the reasons for conducting the competition and summarizes its results and conclusions. In addition, the paper compares such results/conclusions with those of the previous two M-competitions as well as with those of other major empirical studies. Finally, the implications of these results and conclusions are considered, their consequences for both the theory and practice of forecasting are explored and directions for future research are contemplated.

    Original languageEnglish
    Pages (from-to)451-476
    Number of pages26
    JournalInternational Journal of Forecasting
    Volume16
    Issue number4
    DOIs
    Publication statusPublished - 1 Jan 2000

    Keywords

    • Comparative methods - Time series: Univariate
    • Forecasting competitions
    • Forecasting methods, Forecasting accuracy
    • M-competition

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