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Many of the analyses of time series that arise in real-life situations require the adoption of various simplifying assumptions so as to cope with the complexity of the phenomena under consideration. Whilst accepting that these simplifications lead to heuristics providing less accurate processing of information compared to the solution of analytical equations, the intelligent choice of the simplifications coupled with the empirical verification of the resulting heuristic has proven itself to bedoi:10.1016/j.ejor.2008.06.040 fatcat:kw53u2wd3fdsnmborlpmuqzgae