Accurate forecasting has become a challenge for companies operating in today's business environment, characterized by high uncertainty and short response times. Rapid technological innovations and e‐commerce have created an environment where historical data are often of limited value in...

The conditions under which forecasts from expert judgement outperform traditional quantitative methods are investigated. It is shown that judgement is better than quantitative techniques at estimating the magnitude, onset, and duration of temporary change. On the other hand, quantitative methods...

Accurate forecasting is one of the most critical issues for business planning. Knowing how best to generate forecasts and how others are performing this function is important information for managers. This study reports on forecasting practices in US firms based on a survey of 500 companies. In...

The usage of formal statistical forecasting procedures has been shown in numerous studies to improve forecast accuracy and, consequently, organizational performance. However, the process of implementing and managing this technology can run into many stumbling blocks. Identifies six major...

Accurate forecasting is one of the most critical issues for business planning. Knowing how best to generate forecasts and how others are performing this function is important information for managers. This study reports on forecasting practices in US firms based on a survey of 500 companies. In...