-forecast information. We show that the manufacturer's expected profit is convex in the retailer's forecasting accuracy: The manufacturer … benefits from selling to a better-forecasting retailer if and only if the retailer is already a good forecaster. If the … retailer has poor forecasting capabilities, then the manufacturer is hurt as the retailer's forecasting capability improves …

forecasting) are also provided. …

information by exerting costly forecasting effort. In such a setting, contracts play two roles: providing incentives to influence … the retailer's forecasting decision and eliciting information obtained by forecasting to inform production decisions. We … rebates, the retailer, manufacturer, and total system may benefit from the retailer having inferior forecasting technology …

An alternative to using a single forecasting method is to average the forecasts obtained from several methods. In this … paper we investigate empirically the impact of the number and choice of forecasting methods on the accuracy of simple … averages. It is concluded that the forecasting accuracy improves, and that the variability of accuracy among different …

The specification of a forecasting model is considered in the context of linear multiple regression. Several potential … forecasting problem. The approach taken here utilizes both data and expert judgment by incorporating them into a Bayesian … predictive distribution. Precise forecasting models are constructed by selecting the set of predictors which minimizes a measure …