What is special about Neural Network based Forecasting application development?
Ans. The latest in the field for undertaking forecasting applications and domains knowledge requirements is very limited? it automatically develop class of models, test and finally select the final forecast model? An in-depth knowledge requirement for statistical and econometric model building is not required as save, have been incorporated in the neural network based systems. Though, for the interpretation of the output the theoretical background is required. Back to top Q. Minimum number of observation for modelling & analyses Ans. Minimum number of observations are required for a model depending upon the area and the corresponding technique to be applied. As the theoretical development is based on minimum number of observations. As in the case of statistical model building the whole theory is developed based on law of large numbers and the minimum observations required is 30.Similarly, in the optimization model building the number of constraints are normally more than the variables
