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Direct extrapolation of survey results on purchase intentions may give a biased view on actual consumer behavior. This is because the purchase intentions of consumers may be affected by the survey itself. On the positive side, such effects can be incorporated in econometric models to get...
Persistent link: https://www.econbiz.de/10005000459
Macroeconomic forecasts are frequently produced, published, discussed and used. The formal evaluation of such forecasts has a long research history. Recently, a new angle to the evaluation of forecasts has been addressed, and in this review we analyse some recent developments from that...
Persistent link: https://www.econbiz.de/10008584651
Macro-economic forecasts typically involve both a model component, which is replicable, as well as intuition, which is non-replicable. Intuition is expert knowledge possessed by a forecaster. If forecast updates are progressive, forecast updates should become more accurate, on average, as the...
Persistent link: https://www.econbiz.de/10008584667
One of the aims of direct marketing in practice is to target the most profitable customers in the database at hand. This selection is often done based on observed behavior in the past. As a consequence, databases arising from the responses to direct mailings are not a random sample from all...
Persistent link: https://www.econbiz.de/10005209586
In this article we give an overview of the relation between planning of maintenance and production. On the one hand we consider production planning and scheduling models in which failures and maintenance aspects are taken into account. Next we discuss the planning of maintenance activities, for...
Persistent link: https://www.econbiz.de/10005256414