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This chapter has described tools to improve forecasting of trends and of the effects of interventions. Among these … methods, role playing and rule-based forecasting have seldom been used lot environmental forecasting. Role playing is … appropriate when forecasting the outcome of a situation involving conflict among various parties. Rule-based forecasting is …
Persistent link: https://www.econbiz.de/10014028495
In important conflicts such as wars and labor-management disputes, people typically rely on the judgment of experts to predict the decisions that will be made. We compared the accuracy of 106 forecasts by experts and 169 forecasts by novices about eight real conflicts. The forecasts of experts...
Persistent link: https://www.econbiz.de/10009439172
the commitment of International Journal of Forecasting to replication research. In addition the study examines procedures … forecasting methods.On the negative side, FHMM does not fully describe the conditions under which one might expect a given …
Persistent link: https://www.econbiz.de/10012756567
Interesting and difficult sales forecasting problems are common. Will the 1998 Volkswagen Beetle be a success? Will the …
Persistent link: https://www.econbiz.de/10012714113
reduce forecast errors for all types of forecasting problems. Methods: Findings from our review of forecasting experiments … relatively simple evidence-based forecasting methods. One of those methods, knowledge models, provides substantial improvements … mining, neural nets, and “big data analytics”—are unsuited for forecasting. Originality: Three new checklists for choosing …
Persistent link: https://www.econbiz.de/10012914177
We assess how the PollyVote and its components performed in this election compared to the previous six (1992 to 2012). While always predicting that Hillary Clinton would win the popular vote, across the 100 days leading to the election on average the PollyVote overshot the mark by 1.9 percentage...
Persistent link: https://www.econbiz.de/10012977521
Forecasting is concerned with making statements about the as yet unknown. There are many ways that people go about … contrast the accuracy of alternative methods.Evidence about forecasting procedures has been codified as condition … alternative forecasting methods. Interestingly, the empirical evidence sometimes conflicts with common beliefs about how to …
Persistent link: https://www.econbiz.de/10013037596
The field of forecasting is concerned with making statements about matters that are currently unknown. The terms … "forecast," "prediction," "projections," and "prognosis" are interchangeable as commonly used. Forecasting is also concerned …
Persistent link: https://www.econbiz.de/10013037640
forecasting procedures. None of the alarming forecasts were accurate. Governments took action in 23 of the analogous situations …
Persistent link: https://www.econbiz.de/10013038651
In recent decades, much comparative testing has been conducted to determine which forecasting methods are more …-based forecasting, and causal methods. Among causal methods, use econometrics when prior knowledge is strong, data are reliable, and few …
Persistent link: https://www.econbiz.de/10012944436