This paper extends the empirical evidence on the forecasting accuracy of extrapolative methods. The robustness of the major conclusions of the M-Competition data is examined in the context of the telecommunications data ...

The purpose of the research described in this paper is to first identify successful Greek SMEs that can be qualified as ‘hidden champions’ and second to uncover the factors that have contributed to their success. These ...

Forecasting as a scientific discipline has progressed a lot in the last 40 years, with Nobel prizes being awarded for seminal work in the field, most notably to Engle, Granger and Kahneman. Despite these advances, even ...

High blood pressure (HBP) or hypertension (HTN) is one of the leading causes of cardiovascular (CV) morbidity and mortality throughout the world. Despite this fact, there is widespread agreement that the treatment of HBP, ...

The purpose of this article is to deal directly and explicitly with the issues and problems currently facing forecasting, planning and strategy and to discuss how the challenges of the 1980s can be realistically and ...

This paper examines a major area of statistics: the application of time series analysis to forecasting, particularly as it applies to the areas of business and economics. This area is unusual in the social sciences in that ...

Specialization inhibits or prohibits interdisciplinary communication among diverse areas. It contributes to segmentation, which becomes a serious problem when several of those areas should depend upon knowledge which exists ...

Time sharing computer configurations have introduced a new dimension in applying statistical and mathematical models to sequential decision problems. When the outcome of one step in the process influences subsequent ...

Chess is an intellectually demanding game played by millions of people around the world. Yet unlike tennis or other competitive sports there are few changes in the rankings of chess players. There have only been twelve ...

This conclusion aims to summarize the major issues surrounding forecasting, as well as the extensive empirical evidence proving our inability to accurately predict the future. In addition, it discusses our resistance to ...

The purpose of the M2-Competition is to determine the post sample accuracy of various forecasting methods. It is an empirical study organized in such a way as to avoid the major criticism of the M-Competition that forecasters ...

This paper describes the M3-Competition, the latest of the M-Competitions. It explains the reasons for conducting the competition and summarizes its results and conclusions. In addition, the paper compares such results / ...

This paper predicts the type of business firms and managers most likely to emerge in the 21st century. The forecasts are based on rational principles which avoid the common mistakes made in the past by long-term ...

Forecasting has a long history. An understanding of such history coupled with the study of the empirical evidence can provide invaluable information for improving the accuracy and usefulness of predictions. Statistical ...

Lately there has been a renewed interest in strategic planning after more than a decade of focusing on operational concerns such as total quality, downsizing, benchmarking and reengineering. Will strategic planning provide ...

The main purpose of the paper will be to look at the influence of a change in perspective (namely, getting away from the input/output model) on social systems. in general, and management ones, more specifically. The ...

Available approaches to statistical forecasting suffer from several deficiencies (problems) that render their predictions for real-world economic/business series inappropriate. In this paper I illustrate such deficiencies, ...

Greece and Greek firms are behind their counterparts in advanced countries. This paper discusses the situation of Greek firms and proposes various strategies to be able to more successfully compete in the emerging new economy.

The SIBYL/RUNNER interactive forecasting system is a comprehensive package of time-shared computer programs that seek to handle four essential forecasting functions. The first is screening alternative forecasting techniques ...

The concept of a system has been identified in a large number of disciplines; biology, management science, economics, sociology, political science, theology, law, etc., have profited by the apparatus associated with ...