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This paper discusses three characteristics of subjective probabilities, their consistency, coherence and calibration and shows how they are inter-related. We review research that has investigated these characteristics and evaluate methods that have been developed for the improvement of...
Persistent link: https://www.econbiz.de/10005333954
Restrictiveness and guidance have been proposed as methods for improving the performance of users of support systems. In many companies computerized support systems are used in demand forecasting enabling interventions based on management judgment to be applied to statistical forecasts. However,...
Persistent link: https://www.econbiz.de/10008869784
The complementary strengths that management judgment and statistical methods can bring to the forecasting process have been widely discussed. This paper reviews research on the effectiveness of methods that are designed to allow judgment and statistical methods to be integrated when short-term...
Persistent link: https://www.econbiz.de/10005358570
The paper reports a study of the impact on user satisfaction and forecast accuracy of user involvement in the design of a forecasting decision support system (FDSS). Two versions of an FDSS were tested via a laboratory study. Version 1, allowed the user control over all aspects of the system...
Persistent link: https://www.econbiz.de/10005206010