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Decision makers and forecasters often receive advice from different sources including human experts and statistical methods. This research examines, in the context of stock price forecasting, how the apparent source of the advice affects the attention that is paid to it when the mode of delivery...
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A number of studies have shown that providing point forecasts to decision makers can lead to improved production planning decisions. However, point forecasts do not convey information about the level of uncertainty that is associated with forecasts. In theory, the provision of prediction...
Persistent link: https://www.econbiz.de/10009435336
Research has suggested that outcome feedback is less effective than other forms of feedback in promoting learning by users of decision support systems. However, if circumstances can be identified where the effectiveness of outcome feedback can be improved, this offers considerable advantages,...
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Cover -- Title Page -- Copyright -- Contents -- Acknowledgments -- Prologue -- Chapter 1: Profit from Accurate Forecasting -- 1.1 The Importance of Demand Forecasting -- 1.2 When Is a Forecast Not a Forecast? -- 1.3 Ways of Presenting Forecasts -- 1.3.1 Forecasts as Probability Distributions --...
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