3.8 Further reading

  • Ord and Fildes (2012) provides further discussion of simple benchmark forecasting methods.
  • A review of forecast evaluation methods is given in Hyndman and Koehler (2006), looking at the strengths and weakenesses of different approaches. This is the paper that introduced the MASE as a general-purpose forecast accuracy measure.


Ord, J Keith, and Robert Fildes. 2012. Principles of Business Forecasting. South-Western College Pub.

Hyndman, Rob J, and Anne B Koehler. 2006. “Another Look at Measures of Forecast Accuracy.” International Journal of Forecasting 22: 679–88.