The M3-Competition: results, conclusions and implications
S Makridakis, M Hibon - International journal of forecasting, 2000 - Elsevier
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.
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.
