1. Find an article that describes an application of neural networks to time series forecasting. What method did the authors use, and how successful was it?
2. If you have access to a neural network program, try to find a network that produces better forecasts than the 2-4-1 network presented here.
3. Why are neural networks viewed as a viable alternative to the other forecasting methods discussed in this text?
This case demonstrates an actual application of the usage of neural networks to forecast time series data. The authors understand that students have not been provided with the background to completely understand this case. However, it is felt that benefits will be derived from experiencing this actual case.