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Updated week 12 slides
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robjhyndman committed May 21, 2024
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6 changes: 3 additions & 3 deletions header.tex
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Simulated futures from an ETS model
\end{block}\end{textblock}}

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38 changes: 15 additions & 23 deletions week12/slides.qmd
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```{r setup, include=FALSE}
source(here::here("setup.R"))
melsyd <- tsibbledata::ansett |>
filter(Airports == "MEL-SYD")
```

# Assignment 1
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## CASE STUDY 1: Paperware company

### Methods currently used
\vspace*{0.2cm}

A
: 12 month average
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* The cost to government is determined by the number and types of drugs purchased. Currently nearly 1\% of GDP.
* The total cost is budgeted based on forecasts of drug usage.

## CASE STUDY 2: PBS

\fullheight{pbs2}

## CASE STUDY 2: PBS

* In 2001: \$4.5 billion budget, under-forecasted by \$800 million.
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## CASE STUDY 4: Airline

```{r, echo=FALSE}
melsyd |>
tsibbledata::ansett |>
filter(Airports == "MEL-SYD", Class == "Economy") |>
filter(Class == "Economy") |>
autoplot(Passengers) +
labs(
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### Additional information

* They can provide a large amount of data on previous routes.
* Traffic is affected by school holidays, special events such as
the Grand Prix, advertising campaigns, competition behaviour, etc.
* They have a highly capable team of people who are able to do
most of the computing.
* Traffic is affected by school holidays, special events such as the Grand Prix, advertising campaigns, competition behaviour, etc.
* They have a highly capable team of people who are able to do most of the computing.

# Exam

## Exam: 5.00pm (AEST) 13 June
## Exam: 5.00pm (AEST) 6 June
\fontsize{13}{14}\sf

Five Sections, all to be attempted.\vspace*{-0.1cm}
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: Benchmarks, ETS models, ARIMA models, Dynamic regression models, forecast evaluation.\pause

* Interpretation of R output, but no coding.
* Closed book
* Closed book with ETS formula sheet
* Allowed: a calculator, 1 A4 double-sided sheet of notes, 5 working sheets

## Preparing for the exam

- Exams from 2018--2022 on Moodle already.
- Solutions available from 5 June
- Exercises. Make sure you have done them all (especially the last two topics -- revise the lecture examples)!
- Exams from 2021--2023 on website.
- Solutions available from 1 June.
- Exercises. Make sure you have done them all (especially the last two topics).
- Identify your weak points and practice them.
- Write your own summary of the material.
- Practice explaining the material to a class-mate.

## Help available

* See us during the consultation times (for details refer to the moodle page).
* Discuss on the moodle forum.
* See us during the consultation times (for details refer to the website).
* Discuss on the forum.

## Useful resources for forecasters
\fontsize{14}{14}\sf
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Links to all of the above at **forecasters.org**

## IIF Best Student Award
\fontsize{14}{16}\sf
\fontsize{14}{15}\sf\vspace*{-0.2cm}

- https://forecasters.org/programs/research-awards/students/
- [forecasters.org/programs/research-awards/students/](https://forecasters.org/programs/research-awards/students/)
- US$100
- A certificate of achievement from the IIF
- One year free membership of the Institute with all attendant benefits. Subscriptions to:

- the International Journal of Forecasting
- the practitioner journal: Foresight
- the *International Journal of Forecasting*
- the practitioner journal: *Foresight*
- The Oracle newsletter

Discounts on conference and workshop fees, and links to a worldwide community of forecasters in many disciplines.
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