Judgmental Adjustment: A Challenge for Providers and Users of Forecasts
Both the providers and the users of forecasts appear to view judgmental adjustments as a sign of caring about the forecast. Although fine tunings are expected to increase practitioner satisfaction, adjustments may sometimes backfire and reduce forecast quality. Dilek and Sinan recommend that practitioners use caution in making adjustments, that they rely on support tools, and that they try to understand the motivations and expectations behind the adjustment process.. Copyright International Institute of Forecasters, 2005
Year of publication: |
2005
|
---|---|
Authors: | Onkal, Dilek ; Gonul, M. Sinan |
Published in: |
Foresight: The International Journal of Applied Forecasting. - International Institute of Forecasters - IIF. - 2005, 1
|
Publisher: |
International Institute of Forecasters - IIF |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Evaluating strategic directional probability predictions of exchange rates
Pollock, Andrew C., (2010)
-
Judgmental Adjustments of Previously-Adjusted Forecasts
Gonul, M. Sinan, (2008)
-
Revenue management vs. newsvendor decisions : does behavioral response mirror normative equivalence?
Kocabiyikoglu, Ayse, (2015)
- More ...