Table 2

Historical data requirement of different models

Forecasting modelsData requirementTime horizon for forecasting
Neural networkLarge numberShort
Box–Jenkins50Long
Trend models10–20Short, medium
Simple exponential smoothing5–10Short
Moving average2–30Short
Casual regression models10 observations per independent variableShort, medium, long
Grey models4Short, medium, long
Source(s): Ahmed Javed et al. (2021) 

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