Judgmental adjustments and scenario use: Individual versus group forecasts

Önkal, Dilek, Gonul, Sinan and Goodwin, Paul (2020) Judgmental adjustments and scenario use: Individual versus group forecasts. In: ISF 2020 : 40th International Symposium on Forecasting, 26-28 Oct 2020, Virtual, Rio de Janeiro, Brazil. (Unpublished)

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Abstract

Judgmental adjustments to model forecasts are common in organizations. Given that such adjustments may not always enhance forecast accuracy, it is essential to provide support tools to improve communication and information sharing between forecasters and decision-makers. Scenarios provide a possible toolbox to aid this process. Current work outlines a series of experiments investigating the effects of providing a set of scenarios as forecast advice on individual and group-based judgmental predictions. Findings suggest key directions for designing and implementing effective forecast management systems to benefit both the providers and users of forecasts.

Item Type: Conference or Workshop Item (Paper)
Subjects: L100 Economics
N500 Marketing
Department: Faculties > Business and Law > Newcastle Business School
Related URLs:
Depositing User: Elena Carlaw
Date Deposited: 09 Apr 2021 14:57
Last Modified: 09 Apr 2021 15:00
URI: http://nrl.northumbria.ac.uk/id/eprint/45891

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