Statistical methods on forecasting

What are some examples of statistical forecasting methods?

In simple terms, statistical forecasting implies the use of statistics based on historical data to project what could happen out in the future.
This can be done on any quantitative data:

  1. Stock Market results
  2. sales
  3. GDP
  4. Housing sales
  5. etc

In this example, I am focusing here on the snowfall data set.
,

What are the advantages of using statistical methods for forecasting?

Choice Statistical Methods for Forecasting is a comprehensive, readable treatment of statistical methods and models used to produce short-term forecasts.
The interconnections between the forecasting models and methods are thoroughly explained, and the gap between theory and practice is successfully bridged.


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