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before, students were used as role-players, and others provided forecasts using their judgement. When averaged across eight … predictions) than 357 forecasts by students who used their unaided judgement (32%). Sixty-two percent of 105 simulated …
Persistent link: https://www.econbiz.de/10005149075
actualización bibliográfica sobre el tema. In this teaching note I explain a method to obtain consensus among the members of a group …
Persistent link: https://www.econbiz.de/10010762928
The current paper aims to examine strategic predictions (with forecast horizons greater than six months) via the empirical probability (EP) technique. This technique was proposed initially to examine short-term tactical predictions (with forecast horizons less than three months), as set out in...
Persistent link: https://www.econbiz.de/10008755258
reflected in the forecasting capabilities of professional analysts: all in all, analysts are not in a position to beat naïve … environment, we analyse the forecasting behaviour of students experimentally, using a simulated currency series. Our results … indicate that a topically oriented trend adjustment behaviour (TOTA) is a general characteristic of human forecasting behaviour …
Persistent link: https://www.econbiz.de/10009226070
A procedure is proposed for examining different aspects of performance for judgemental directional probability predictions of exchange rate movements. In particular, a range of new predictive performance measures is identified to highlight specific expressions of strengths and weaknesses in...
Persistent link: https://www.econbiz.de/10009435350
An experiment is reported which compares directional forecasting performance of experts, novices and simple statistical … models over three time horizons on a task involving probabilistic forecasts of exchange rate movements. Probability-judgement … between the groups on various important components of judgement suggested that the groups obtained their similar overall …
Persistent link: https://www.econbiz.de/10009435351
reflected in the forecasting capabilities of professional analysts: all in all, analysts are not in a position to beat naïve … environment, we analyse the forecasting behaviour of students experimentally, using a simulated currency series. Our results … indicate that a topically oriented trend adjustment behaviour (TOTA) is a general characteristic of human forecasting behaviour …
Persistent link: https://www.econbiz.de/10010305737
reflected in the forecasting capabilities of professional analysts: all in all, analysts are not in a position to beat naïve … environment, we analyse the forecasting behaviour of students experimentally, using a simulated currency series. Our results … indicate that topically-oriented trend adjustment behaviour (TOTA) is a general characteristic of human forecasting behaviour …
Persistent link: https://www.econbiz.de/10005504428
An experiment is reported which compares directional forecasting performance of experts, novices and simple statistical … models over three time horizons on a task involving probabilistic forecasts of exchange rate movements. Probability-judgement … between the groups on various important components of judgement suggested that the groups obtained their similar overall …
Persistent link: https://www.econbiz.de/10005471995
methods including extrapolation, quantitative analogies, rule-based forecasting, and causal methods. Otherwise, use methods … that structure judgement including surveys of intentions and expectations, judgmental bootstrapping, structured analogies …, there are opportunities to improve efficiency by adopting these forecasting practices. …
Persistent link: https://www.econbiz.de/10005149125