๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Criterion-referenced judgemental forecasting models

โœ Scribed by William E. Remus

Book ID
102842486
Publisher
John Wiley and Sons
Year
1991
Tongue
English
Weight
577 KB
Volume
10
Category
Article
ISSN
0277-6693

No coin nor oath required. For personal study only.

โœฆ Synopsis

Abstract

Human judgements are usually made with reference to a criteria such as cost or profit. When making a judgement model for such a decision, the ideal is for the model to yield nearโ€optimal results in terms of the criteria. This article starts with the theory behind concave criteria and then develops a mathematical argument which gives guidance to judgemental model building. This guidance departs from the conventional wisdom of using only Rโ€squared in model selection.

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