Eighteen time series differing in their trend (three categories), randomness (three categories), and presentation on a graph (two categories) were given to 350 MBA students in a laboratory experiment. Each student was asked ...

Management theories and tools, like the fashion industry have their moment of glory and die. Very few survive and, in some cases, their passing leaves extensive corporate damage in their wake. Spyros Makridakis reviews the ...

Over the last two decades, technological changes have reformed business environment and made entrepreneurial activity as the main channel behind knowledge spillovers and knowledge creation. Therefore, the factors affecting ...

This paper extends the literature on foreign banking by developing a model that attempts to explain the performance of Greek banks operating abroad using a balanced pooled time-series dataset. Five variables are drawn from ...

The main aim of this article is to identify the factors affecting the level of tourist satisfaction in Pafos. Namely, the study proposes that these factors are quality of services, low cost, aesthetic appeal/nature and ...

This paper we backtest the FHS VaR model on three types of portfolios invested over a period of two years. The first set of backtests consists of LIFFE financial futures and options contracts traded on LIFFE. In the second ...

A crucial question to anyone engaged in analysing the inflationary process in a country, is how much has the Government contributed to the generation and maintenance of the high demand pressures. The creation of demand ...

During the last decade, more and more Erasmus programs are being imple mented in Greek schools, although not enough programs engaging children with learning difficulties and/or special needs. Through Erasmus programs, stu ...

Accurate forecasts are essential for a great number of applications yet large errors and considerable uncertainty characterize most of our attempts for predicting the future. This article surveys empirical studies on ...

Statistical forecasting is based on the assumption of constancy, or structural ability in the data. This paper argues that such an assumption might not always be realistic in real life forecasting situations. Unfortunately, ...

This paper considers two problems of interpreting forecasting competition error statistics. The first problem is concerned with the importance of linking the error measure (loss function) used in evaluating a forecasting ...

The formal practice of forecasting and planning (F&P) has risen to prominence within a few decades and now receives considerable attention from both academics and practitioners. This paper explicitly recognizes the nature ...

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. ...

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 ...

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 ...

Those of us in the field of forecasting are facing a serious dilemma. On the one hand we know that all forms of forecasting must be based on historical data, on the other hand we are well aware of a plethora of empirical ...

The forecasting techniques available have increased both in number and com-plexity, so now is the time for a book to help both OR workers and managers to choose the most appropriate technique. Spyros Makridakis and Steven ...

Forecasting methods currently available assume that established patterns or relationships will not change during the post-sample forecasting phase. This, however, is not a realistic assumption for business and economic ...

Forecasting plays an important role in every major functional area of business management. In the area of marketing however, forecasting is doubly important; not only does it have a central role in marketing itself, but ...

Long-term predictions are indispensable for planning and strategy. Yet little is known about their value, their limitations or the most appropriate way of making and using them. This paper examines these issues and proposes ...