Business Forecasting: International Edition Paperback – 8 Jan 2008
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About the Author
John E. Hanke
Eastern Washington University, Emeritus
Dean W. Wichern
Texas A&M University
In the first eight editions, the computer was recognized as a powerful tool in forecasting.
The computer is even more important now with the availability of powerful
forecasting software and easy access to data via networking capabilities and the
A nationwide research study of all AACSB member institutions conducted by
the authors to determine what faculty do about using computers for teaching forecasting
showed that (1) most forecasting faculty (94.2%) attempt to provide
students with hands-on experience in using the computer, and (2) several statistical
packages and specific personal computer forecasting packages were mentioned in
the survey. The packages mentioned most frequently were Minitab, SAS, and
The authors have tried several different approaches to help faculty and students
use the computer for forecasting.This edition features the following:
1. Minitab instructions presented at the end of most chapters.
2. Excel instructions presented at the end of most chapters.
3. Three data collections available on the Internet (Minitab, Excel, other programs).
Each collection contains data from the text examples and problems. Each collection
also contains several new data series.To access the data sets on the Internet goto the Prentice Hall Web site at www.prenhall.com/hanke
4. Examples of different computer outputs are placed throughout the text.--This text refers to an out of print or unavailable edition of this title.
Top customer reviews
Most helpful customer reviews on Amazon.com
I've had many statistics classes, and the explanation of statistics in this textbook is by far the best I have ever seen. The book is well written and about as clear as it is possible to make this difficult subject. Other people have complained about this textbook, and I would argue that the textbook is really good, but that the subject is just very difficult. If you don't have an excellent instructor, you will find yourself weeding around in the dark looking for direction. It is certainly possible to just follow the book, but it is sometimes not entirely clear why you are doing what you are doing. Again, not the fault of the textbook. Forecasting is inherently a very complex topic and you are going to be hurting without a good professor. Fortunately, I had a good one for my class. I had originally checked this textbook out of the library, but I found myself wanting to keep it as an excellent reference, so I bought my own copy.
But be warned, if you are not using Minitab for class, you will have to scour the Internet for Excel tips and tricks to make the lessons work out.
I found the font to be too small for many of the important points (some of the problems absolutely could not be worked without the exact reference to the fine print notes on pages below the examples). Why would you reduce the font size for the examples?
Working through the text was difficult due to inconsistent and poorly referenced greeks (rho means several different things in the book).
If you are an instructor, you should assign individual members of your statistics class the same case study topics throughout the course (stick with the same data set) to increase the richness of the experience. H&W apply the successive statistics topic to the same basic case study data sets from chapter to chapter.
I learned a lot - but the experience could have been better with more Excel, and more consistency, and better editing.
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