Jackknife
A process for testing validity of forecasts. In this approach a model is developed using all of the available data but excluding one data point. The model is then used to forecast that point. The model is then re-estimated with the excluded point now included, and another point is excluded and the process is repeated.
Spanish: : Jacniffe (método)
Sources and references
- Armstrong, Scott (ed.), Principles of Forecasting, Springer, ISBN 0-7923-7401-0 (SC), 2001cited 10 times
Term connections
Enjoying this dictionary? Support The Millennium Project's work to keep it free.
Donate