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Time Series Analysis: Forecasting and Control

Time Series Analysis: Forecasting and Control area patterns, usually obtained from a point process by associating with each point an "area of influence". The authors' treatment of their subject is mathematically and statistically unsophisticated; there is some danger, I think, that this book will be used as a "cookbook" by geographers with patterns to analyse. I do not fall into the category at which this book is primarily aimed, nor, I suspect, do the readers of this review. It would not be a good book for a statistician wishing to learn about the analysis of spatial patterns to use. However, for a !statistician already armed with some knowledge of this subject, the book provides a readable account of how geographers tackle a selection of their spatial statistical problems, and provides an extensive bibliography of their papers; thus it will probably be useful reading for those that have contact with geographers either through teaching or consultancy work. Sheffield University J. D. BIGGINS Time Series Analysis: Forecasting and Control, Revised Edition, by GEORGE E. P. Box and GWILYM M. JENKINs. Holden-Day (1976), xxi+575 pp., 23·5x 16 em. £24.70. The reviewer cannot be alone in believing that this book, first published in 1970, is still by far the most important single work currently available on time series analysis. As such, it just has to be read at least once by every serious TSA & F professional, and a copy kept handy for frequent future reference by anyone actively interested in keeping abreast of the subject. Box and Jenkins provides an outstanding introduction to the time-domain and a lasting source ofinformation and inspiration - a bible, in the best sense. However, B & J is not a book for dilettantes. It is long, detailed and expensive; and so is unsuitable as a text for the average student seeking (regrettably) after instant cut-price knowledge. But the work undoubtedly should be made readily available to all those who show a real interest in the subject. Also, most serious teachers of statistics in tertiary education will want to have read it. Having said all that, I must add that the revised edition is rather a disappoint­ ment. True, certain errors and misprints have now been corrected, but very little significant new material is included. The exceptions, such as a brief indication of Intervention Analysis, are almost entirely contained in the appended Part VI, which provides 17 pages packed with Problems and Exercises (of variable quality). Even the majority of the ten fresh references on page 543 are only cited there. Many of the diagrams in the revised version have suffered somewhat, the main disfigurement being the darkening of the grey shading. For instance, on page 411 of my specimen copy, the forecasts were completely obliterated by the now black 50 per cent probability region. Purchase of the new edition is strongly recommended for consideration by anyone seriously entering the time-domain area, such as fresh graduates; but, for everyone else, the 1970 original, already on one's shelves, really does not need to be replaced. Nottingham University OLIVER D. ANDERSON Costing Educational Practice, by J. FmLDEN and P. K. PEARSON. Council for Educational Technology, 190 pp. £4.75. Money talks, and the less of it there is the more exactly it must speak. Which is perhaps why, in recent years, the language of education management has seen a notable shift from aspiration to calculation. It is the trees that make the wood. This very practical book modestly offers the view that educational decision­ makers at all levels from school to university can, without injury to professional http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of the Royal Statistical Society Series D: The Statistician Oxford University Press

Time Series Analysis: Forecasting and Control

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Publisher
Oxford University Press
Copyright
© 1978 The Authors
ISSN
2515-7884
eISSN
1467-9884
DOI
10.2307/2988198
Publisher site
See Article on Publisher Site

Abstract

area patterns, usually obtained from a point process by associating with each point an "area of influence". The authors' treatment of their subject is mathematically and statistically unsophisticated; there is some danger, I think, that this book will be used as a "cookbook" by geographers with patterns to analyse. I do not fall into the category at which this book is primarily aimed, nor, I suspect, do the readers of this review. It would not be a good book for a statistician wishing to learn about the analysis of spatial patterns to use. However, for a !statistician already armed with some knowledge of this subject, the book provides a readable account of how geographers tackle a selection of their spatial statistical problems, and provides an extensive bibliography of their papers; thus it will probably be useful reading for those that have contact with geographers either through teaching or consultancy work. Sheffield University J. D. BIGGINS Time Series Analysis: Forecasting and Control, Revised Edition, by GEORGE E. P. Box and GWILYM M. JENKINs. Holden-Day (1976), xxi+575 pp., 23·5x 16 em. £24.70. The reviewer cannot be alone in believing that this book, first published in 1970, is still by far the most important single work currently available on time series analysis. As such, it just has to be read at least once by every serious TSA & F professional, and a copy kept handy for frequent future reference by anyone actively interested in keeping abreast of the subject. Box and Jenkins provides an outstanding introduction to the time-domain and a lasting source ofinformation and inspiration - a bible, in the best sense. However, B & J is not a book for dilettantes. It is long, detailed and expensive; and so is unsuitable as a text for the average student seeking (regrettably) after instant cut-price knowledge. But the work undoubtedly should be made readily available to all those who show a real interest in the subject. Also, most serious teachers of statistics in tertiary education will want to have read it. Having said all that, I must add that the revised edition is rather a disappoint­ ment. True, certain errors and misprints have now been corrected, but very little significant new material is included. The exceptions, such as a brief indication of Intervention Analysis, are almost entirely contained in the appended Part VI, which provides 17 pages packed with Problems and Exercises (of variable quality). Even the majority of the ten fresh references on page 543 are only cited there. Many of the diagrams in the revised version have suffered somewhat, the main disfigurement being the darkening of the grey shading. For instance, on page 411 of my specimen copy, the forecasts were completely obliterated by the now black 50 per cent probability region. Purchase of the new edition is strongly recommended for consideration by anyone seriously entering the time-domain area, such as fresh graduates; but, for everyone else, the 1970 original, already on one's shelves, really does not need to be replaced. Nottingham University OLIVER D. ANDERSON Costing Educational Practice, by J. FmLDEN and P. K. PEARSON. Council for Educational Technology, 190 pp. £4.75. Money talks, and the less of it there is the more exactly it must speak. Which is perhaps why, in recent years, the language of education management has seen a notable shift from aspiration to calculation. It is the trees that make the wood. This very practical book modestly offers the view that educational decision­ makers at all levels from school to university can, without injury to professional

Journal

Journal of the Royal Statistical Society Series D: The StatisticianOxford University Press

Published: Dec 5, 2018

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