Forecast adjustment commonly occurs when organizational forecasters adjust a statistical forecast of demand to take into account factors which are excluded from the statistical calculation. This paper addresses the question of how to measure the accuracy of such adjustments. We show that many...

Demand forecasting is a crucial aspect of the planning process in supply-chain companies. The most common approach to forecasting demand in these companies involves the use of a computerized forecasting system to produce initial forecasts and the subsequent judgmental adjustment of these...