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Opinion polling procedures allow for reasonable inferences about attitude changes. We examined this contention using surveys about the nomination of Clarence Thomas. In this situation, prior theory allowed us to predict the direction of changes, surveys had been conducted by a number of...
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Causal forces are a way of summarizing forecasters' expectations about what will happen to a time series in the future. Contrary to the common assumption for extrapolation, time series are not always subject to consistent forces that point in the same direction. Some are affected by conflicting...
Persistent link: https://www.econbiz.de/10014028386
Sports and war metaphors abound in business today. For example, one management book, 'Thunder in the Sky', by Thomas Cleary, opens with a Chinese saying that translates: The marketplace is a battlefield. The Asian people view success in the business world as tantamount to victory in battle. The...
Persistent link: https://www.econbiz.de/10014066932
We report on the opinions of 49 forecasting experts on guidelines for extrapolation methods. They agreed that seasonality, trend, aggregation, and discontinuities were key features to use for selecting extrapolation methods. The strong agreement about the importance of discontinuities was...
Persistent link: https://www.econbiz.de/10014067048
This study evaluated measures for making comparisons of errors across time series. We analyzed 90 annual and 101 quarterly economic time series. We judged error measures on reliability, construct validity, sensitivity to small changes, protection against outliers, and their relationship to...
Persistent link: https://www.econbiz.de/10014067059
When causal forces are specified, the expected direction of the trend can be compared with the trend based on extrapolation. Series in which the expected trend conflicts with the extrapolated trend are called contrary series. We hypothesized that contrary series would have asymmetric forecast...
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