How successful have economists and other business forecasters been in predicting recessions? This question is of considerable practical value since the level of economic activity greatly influences budgets and other plans of businesses. The purpose of this paper is to examine forecasts of...

Statistical forecasting is based on the assumption of constancy, or structural ability in the data. This paper argues that such an assumption might not always be realistic in real life forecasting situations. Unfortunately, however, statisticians and forecasters tend to forget, or at least not...

The purpose of the research described in this paper is to first identify successful Greek SMEs that can be qualified as `hidden champions' and second to uncover the factors that have contributed to their success. These factors relate to their choice of markets served, their relationships with...

Management theories and tools, like the fashion industry have their moment of glory and die. Very few survive and, in some cases, their passing leaves extensive corporate damage in their wake. Spyros Makridakis reviews the large number of theories that briefly blossomed from the 1960s onwards,...

In this article, the authors begin by examining the current position of the Greek economy, its business environment and firms, noting a duality of extremes between family-owned firms and the subsidiaries of multinationals. They then report the results of a large survey of Greek executive...

By focussing on issues concerning precise relative performance of the human and experimental teams, Ross obscures the major, and a priori surprising result of our study. This is that the experimental teams were not all dominated by the human teams. Replication is the appropriate way to...