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A non-linear combination of experts' forecasts: A Bayesian approach

✍ Scribed by Luisa Tibiletti

Publisher
John Wiley and Sons
Year
1994
Tongue
English
Weight
362 KB
Volume
13
Category
Article
ISSN
0277-6693

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✦ Synopsis

Abstract

A general Bayesian approach to combining n expert forecasts is developed. Under some moderate assumptions on the distributions of the expert errors, it leads to a consistent, monotonic, quasi‐linear average formula. This generalizes Bordley's results.

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