Cost Forecast Model Research Based on Trend Extrapolation
In order to help companies achieve the efficient and accurate forecast production costs with little human and financial resources possibly, we selected a steel factory as example, and the trend extrapolation method is used to study as the main method which belongs to time series forecasting method, the experimental results obtained good effect in practical applications, the study method is very simple and cost savings, the achievement can be used in enterprise easily.
Zhenyu Du and Bin Liu
X. Zhao and X. F. Liu, "Cost Forecast Model Research Based on Trend Extrapolation", Applied Mechanics and Materials, Vol. 65, pp. 40-43, 2011