An Economical Method For Correcting Forecasting Error

The purpose of this discussion is to present to business forecasters and others who utilize forecast information a method for improving forecast performance. We summarize the generation of a forecast; evaluation of a forecast; and by example illustrate the optimal linear correction method for improving forecast accuracy. This technique permits forecasters and others to decompose forecast error into its components, and, in turn, reduce forecast error.

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Year of publication:	1992
Authors:	Jarrett, Jeffrey
Published in:	American Journal of Business. - MCB UP Ltd, ISSN 1935-5181, ZDB-ID 2401319-5. - Vol. 7.1992, 2, p. 55-58
Publisher:	MCB UP Ltd
Subject:	Forecast information \| Forecast performance \| Forecast error

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Type of publication:	Article
Type of publication (narrower categories):	review-article
Language:	English
Other identifiers:	10.1108/19355181199200017 [DOI]
Source:	Other ZBW resources

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