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Activity Number: 477
Type: Contributed
Date/Time: Thursday, August 7, 2008 : 8:30 AM to 10:20 AM
Sponsor: Section on Statisticians in Defense and National Security
Abstract - #300748
Title: Development of a Forecasting Methodology for Marine Corps Equipments Demands
Author(s): Steven M. Rollins*+
Companies: Marine Corps Logistics Command
Address: Commander L70, Albany , GA, 31704,
Keywords: Regression ; Forecasting
Abstract:

The need for forecasting of Marine Corps demands of equipment is essential to insure that needed supplies are available when they are required. Currently the Marine Corps Logistics Command utilizes a variation of a double exponential forecasting methodology which delivers an accuracy of 30%. A new forecasting methodology is being developed that has preliminary results of 70% accuracy. The new forecasting methodology was inspired by Dynamic Bayesian Forecasting. The methodology is currently being fully developed and will be completed by 30 June 2008.

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Revised September, 2008