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With the advent of advanced data collection techniques, there is an increased interest in using econometric models to support decisions in marketing. Due to the sometimes specific nature of variables in marketing, the discipline uses econometric models that are rarely, if ever, used elsewhere....
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We study the performance of sales forecasts which linearly combine model-based forecasts and expert forecasts. Using a unique and very large database containing monthly model-based forecasts for many pharmaceutical products and forecasts given by thirty-seven different experts, we document that...
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be used as actuals in current forecast evaluation. We allow for structural changes in the regression parameters to …
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Forecasts from various experts are often used in macroeconomic forecasting models. Usually the focus is on the mean or … compared on forecast accuracy. We find that disagreement has predictive power indeed and that this variable can be used to …
Persistent link: https://www.econbiz.de/10011381819
For many economic time-series variables that are observed regularly and frequently, for example weekly, the underlying activity is not distributed uniformly across the year. For the aim of predicting annual data, one may consider temporal aggregation into larger subannual units based on an...
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