Three strategies for scientific research in management are examined: advocacy, induction, and multiple hypotheses. Advocacy of a single dominant hypothesis is efficient, but biased. Induction is not biased, but it is inefficient The multiple hypotheses strategy seems to be both efficient and...

The following hypotheses about long-range market forecasting were examined: H₁ Objective methods provide more accuracy than do subjective methods. H₂ The relative advantage of objective over subjective methods increases as the amount of change in the environment increases. H₃ Causal methods...

This paper examines the feasibility of rule-based forecasting, a procedure that applies forecasting expertise and domain knowledge to produce forecasts according to features of the data. We developed a rule base to make annual extrapolation forecasts for economic and demographic time series. The...