We analyze the behavior of experts who quote forecasts for monthly SKU-level sales data where we compare data before and after the moment that experts received different kinds of feedback on their behavior. We have data for 21 experts located in as many countries who make SKUlevel forecasts for...

A median of a sequence pi = x1, x2, … , xk of elements of a finite metric space (X, d ) is an element x for which ∑ k, i=1 d(x, xi) is minimum. The function M with domain the set of all finite sequences on X and defined by M(pi) = {x: x is a median of pi} is called the median function on X,...

This paper reports on simulation results for the Wald test for ∝1=∝2=0 in the regression model [Please open the additional file (8526_math.png) to see the regression model] for the case ĸ is known and for the case where ĸ has to be estimated using nonlinear least squares (NLS). This last...

The proposition that firm growth rates are distributed independently of firm size, generally referred to as Gibrat's Law, is tested in virtually every empirical study on firm growth rates. We conclude from our review of these studies that the validity of Gibrat's Law depends on what version is...