Legerstee, Rianne; Franses, Philip Hans; Paap, Richard - Tinbergen Institute - 2011
Experts can rely on statistical model forecasts when creating their own forecasts. Usually it is not known what experts … actually do. In this paper we focus on three questions, which we try to answer given the availability of expert forecasts and … model forecasts. First, is the expert forecast related to the model forecast and how? Second, how is this potential relation …