Reply to Discussions of "Multivariate Dynamic Modeling for Bayesian Forecasting of Business Revenue"

Abstract

We are most grateful to all discussants for their positive comments and many thought-provoking questions. In addition, the discussants provide a number of useful leads into various areas of the literatures on time series, forecasting and commercial application within which the work in our paper is, of course, just one contribution linked to multiple threads. Our view is that, collectively, the discussion contributions nicely expand on the core of the paper and together -- with multiple additional references -- provide an excellent point-of-entr\'ee to the broader field of retail forecasting and its research challenges. Interested readers are encouraged to dig deeply into the discussions and our responses here, and explore referenced sources. There are several themes that recur across discussants, as well as a range of specific points/questions raised. Following some "big-picture" comments on our perspectives on Bayesian forecasting systems, we comment in turn on some specifics in each contribution.