Researchers have demonstrated that the power of averaging somewhat contradictory, yet plausible, predictions can be used to exploit the quantitative judgments made by a single person. By using a technique they call “dialectical bootstrapping”, the “wisdom of crowds” can be created within a single mind.

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The Institute of Business Forecasting (IBF) will be starting its first local chapter in Basel, Switzerland. The objective of the chapter is to provide an environment where local practitioners can network, exchange ideas, and learn from experts on a regular basis.

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In this issue we have: Variable Selection and Inference for Multi-period Forecasting Problems ; "Ripple Effects” and Forecasting Home Prices ; Identifying good inflation forecaster ; Forecasting a Large Dimensional Covariance Matrix of a Portfolio of Different Asset Classes ; and more.

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Prediction Impact has announced the 2009 schedule for the popular "Predictive Analytics for Business, Marketing and Web" intensive 2-day training seminar.  Locations will include Toronto, San Jose, New York City, Stockholm, Washington DC, and San Francisco, with the first event scheduled for April.

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The Institute of Business Forecasting & Planning (IBF) March Webinars include: Enhancing the Demand Planning Process with POS Forecasting ; How to Minimize Risks in A Declining Economy ; S&OP Process The First Year of Jostens Journey.

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Scientists now have a better understanding of how the flu spreads, and it has a lot to do with the weather forecast. Oregon State University says the key is absolute humidity.

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Involved with forecasting? Here is a book designed to help readers with the tools to analyze their data, develop forecasting models and present the results in Excel.

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Sandia National Laboratory said that biofuels are a viable method to wean the U.S. off a third of its gasoline consumption by 2030, basing its findings on a new forecasting model that takes into account the land, water and transportation available today.

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Weather Services International (WSI), a weather solutions provider, announced the launch of WindCast, a statistical forecasting system for the energy market, providing wind power and wind speed forecasts for wind farms anywhere in the world.

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In this issue we have: Does forecast combination improve Norges Bank inflation forecasts? ; Understanding forecast failure in ESTAR models of real exchange rates ; The Taylor rule and forecast intervals for exchange rates ; Risk-adjusted forecasts of oil prices ; and more.

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