Now showing items 1-4 of 4
Forecasting and uncertainty in the economic and business world
Forecasts are crucial for practically all economic and business decisions. However, there is a mounting body of empirical evidence showing that accurate forecasting in the economic and business world is usually not possible. ...
Decision making and planning under low levels of predictability
(Elsevier Ltd, 2009)
This special section aims to demonstrate the limited predictability and high level of uncertainty in practically all important areas of our lives, and the implications of this. It summarizes the huge body of solid empirical ...
Confidence intervals: An empirical investigation of the series in the M-competition
(Elsevier Ltd, 1987)
This paper empirically evaluates the uncertainty of forecasts. It does so using the 1001 series of the M-Competition. The study indicates that although, in model fitting the percentage of observations outside the confidence ...
Forecasting and Uncertainty: A Survey
The origins of forecasting can be traced back to the beginning of human civilization with attempts to predict the weather, although forecasting as a field first appeared in the 1940s and attracted more followers from the ...