The most recent three issues of Foresight featured Steve Morlidge’s encyclopedic rendition of “Guiding Principles” for an organization’s forecasting process. The guiding principles were divided into five classifications: Foundation Principles, Design Principles, Process Principles,...

Goodwin and Fildes comment on the issue 14 Foresight article by Orrell and McSharry, A Systems Approach to Forecasting, part of a special feature entitled Rethinking the Ways We Forecast Copyright International Institute of Forecasters, 2009

In their ongoing investigation into corporate forecasting practices, Robert Fildes and Paul Goodwin have uncovered evidence of excessive use of judgmental adjustment to statistical forecasts. In this report, they document the extent of the problem within four large companies, explore the...

Robert and Fotios discuss the results of their important new survey on the key elements for improving the quality of the forecasting function. A lot more is involved here than software and statistical methodology; it?s also about removing organizational impediments, developing appropriate...