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Forecasting with the Theta Model
[CBP WP 58-13]



Forecasting with the Theta Model
The winner in the last M competition was a new forecasting method called the Theta Model developed by Assimakopoulos and Nikolopoulos. The basic concept of the Theta Model is that it makes forecasts that are the average of a long-term forecast and a short-term forecast. This paper makes the model easy to understand and implement. The paper also offers some extensions of the model.

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