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Rule-Based Forecasting (RBF) is an expert system that uses judgment to develop and apply rules for combining … extrapolations. The judgment comes from two sources, forecasting expertise and domain knowledge. Forecasting expertise is based on … absent, RBF neither improves nor harms forecast accuracy. Some of RBF?s rules can be used with traditional extrapolation …
Persistent link: https://www.econbiz.de/10009484509
thesis, we introduce the principle of maximum causal entropy, a general technique for applying information theory to decision …
Persistent link: https://www.econbiz.de/10009441102
Research has suggested that outcome feedback is less effective than other forms of feedback in promoting learning by users of decision support systems. However, if circumstances can be identified where the effectiveness of outcome feedback can be improved, this offers considerable advantages,...
Persistent link: https://www.econbiz.de/10009435352
and judgment are poorly understood, and board influence on organisational performance needs to be better understood. This … new information or the repackaging of existing information in a new form. The thesis argues that Weick’s theory of … establish a general theory of board governance, the thesis embraces calls to build situation-specific mini-theories about board …
Persistent link: https://www.econbiz.de/10009438367
representing information about causality and using this domain knowledge to select and combine forecasts. We use five categories to … accuracy when tested on 104 annual economic and demographic time series. Gains in accuracy were greatest when (1) the causal … walk. Use of the rule improved accuracy for 20 series where the trends were contrary; the MdAPE (Median Absolute Percentage …
Persistent link: https://www.econbiz.de/10009438501
quality of the judgment of that decision maker. If the evaluator has knowledge of a negative outcome, then that knowledge … negatively influences his or her assessment of the ex ante judgment. For instance, jurors in a lawsuit brought against an auditor … reports the results of an experiment in an applied audit judgment setting that examined methods of mitigating the outcome …
Persistent link: https://www.econbiz.de/10009447907
The Theory of Technology Dominance (Arnold & Sutton, 1998) proposes that the continued use of intelligent decision aids … the continued use of intelligent decision aids reduce the auditor’s skills in forming their professional judgment?’ No … prior research has explored deskilling of auditor judgment. The research is important for practice to ensure a strong audit …
Persistent link: https://www.econbiz.de/10009448071
Recent psychological research has investigated how people assess the probability of an indicative conditional. Most people give the conditional probability of q given p as the probability of if p then q. Asking about the probability of an indicative conditional, one is in effect asking about its...
Persistent link: https://www.econbiz.de/10009458992
Persistent link: https://www.econbiz.de/10009434635
uncertainty are related to biases in model formulation and parameter estimation. The best approach for estimating the actual … analyses, and model comparison. The magnitude of uncertainty in model predictions is a function of the questions asked of the … magnitude of uncertainty for situations requiring predictions of individual and collective risks for both chronic and acute …
Persistent link: https://www.econbiz.de/10009435418