Forecasting the Future & the Future of Forecasting

The closest thing to a crystal ball that many organisations and businesses have to look into the future is what’s called a forecast. Not for weather, but for so many other things like product sales, or unemployment figures, or energy usage. In this episode, ACEMS Chief Investigator Professor Rob Hyndman gives us a glimpse into how forecasting works and how it continues to develop. The Random Sample is a podcast by the Australian Research Council Centre of Excellence for Mathematical and Statistical Frontiers. In this show, we share stories about mathematics, statistics and the people involved. To learn more about ACEMS, visit https://acems.org.au.