Need to boost forecast accuracy? Three factors have huge impact on the predictions: training, teams and tracking. It’s time to tee up!
Past research has found that publicly available data can be used to accurately forecast events such as political crises and disease outbreaks.
It’s possible to get better at forecasting. Research offers some insights into the factors that make a difference to become a “super forecaster”.
Complex models are more popular than simple ones among researchers, forecasters, and clients. The popularity of complexity may be due to incentives.
In this issue we have: Forecasting Profitability; Monetary policy expectations; Estimation Errors and Prediction Errors; and Prediction of Macroeconomic Performance in Pacific Island Countries.
Hundreds of billions of dollars have been spent on the United States homeland security since 9/11, and numerous models have been developed to study the strategic interactions between defenders and adversaries, e.g. attackers or terrorists.
Adobe has announced a powerful new predictive publishing capability which predicts social engagement on individual pieces of content and automatically suggests ideal timing to improve how that content will perform.
Our research into best practices in forecasting is well under way, and is already providing some new insights in Supply Chain Forecasting, Demand Planning and Forecasting practices in Vendor Managed Inventory (VMI) and Collaborative Planning Forecasting and Replenishment (CPFR).
Foresight: The International Journal of Applied Forecasting is published by the International Institute of Forecasters. The Summer 2011 issue features the first of a two-part article The Forecasting Process: Guiding Principles.