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We review and integrate the extant knowledge on group-based forecasting, paying particular attention to the papers included in this special issue of the International Journal of Forecasting. We focus on the relative merits of different methods of aggregating individual forecasts, the advantages...
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We review and integrate the extant knowledge on group-based forecasting, paying particular attention to the papers included in this special issue of the International Journal of Forecasting. We focus on the relative merits of different methods of aggregating individual forecasts, the advantages...
Persistent link: https://www.econbiz.de/10010556063
This paper reviews several of the current controversies in the relative value of judgemental and statistical forecasting methods. Where expert, informed judgemental forecasts are being used, a critical analysis of the evidence suggests that their quality is higher than many researchers have...
Persistent link: https://www.econbiz.de/10009191734
This paper focuses upon the status and prevalence of expert systems in life insurance in the UK today and reports the results of a widescale survey conducted by the authors. About 90% of the companies who responded are undertaking some form of activity in the field, with 59% expected to have...
Persistent link: https://www.econbiz.de/10010888703
The financial services industry and, in particular, the insurance industry has emerged as an important user of expert systems. In the following review we examine evidence of the spread of such systems in insurance, and focus more particularly upon life insurance, where the greatest amount of...
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