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A first approach to e-forecasting: a survey of forecasting Web services

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A great challenge for today's companies is not only how to adapt to the changing business environment but also how to gain a competitive advantage from the way in which they choose to do so. As a basis for achieving such advantages, companies have started to seek to improve the performance of various operations. Forecasting is one of them; it is important to firms because it can help ensure that effective use of resources is made. In the market there are a number of off-the-shelf system products, which provide forecasts. The new trend, of moving traditional software packages to Web services, has pushed forecasting to a new dimension, named by the authors as "e-forecasting". In this paper, a first approach to e-forecasting is made by throwing light on several aspects and a survey is presented which aims at identifying existing Web forecasting services.
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Keywords: Business development; Competitive advantage; Computer software; Electronic commerce; Forecasting; Internet

Document Type: Research Article

Publication date: 01 August 2003

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