Judgement plays a central role in forecasting, as statistical forecasts are often modified before informing user decisions. This is done to augment model forecasts with contextual information from the organisation and the market. There is strong evidence that judgemental adjustments can be...

Many studies have purported to show that online investor sentiment measures could help to improve the prediction accuracy of stock return volatility. Unfortunately, most of them were lack of out-of-sample validations, had inadequate validation samples, or failed to include proper controls in...

were obtained by using the system's facility for judgmentally overriding the automatic statistical forecasts. Carrying out the judgmental interventions involved considerable management effort as part of an S & OP process, yet these often only served to reduce forecast accuracy. This study uses...

Despite the improvements in statistical forecasting, human judgment remains essential in business forecasting and demand planning. Typically, forecasters do not rely solely on statistical forecasts; they also adjust forecasts according to their knowledge, experience, and information that is not...