Forecasting accuracy: comparing the relative effectiveness of practices between seven developed countries
✍ Scribed by John G Wacker; Linda G Sprague
- Book ID
- 104323661
- Publisher
- Elsevier Science
- Year
- 1998
- Tongue
- English
- Weight
- 155 KB
- Volume
- 16
- Category
- Article
- ISSN
- 0272-6963
No coin nor oath required. For personal study only.
✦ Synopsis
This study investigates the effect of forecast practices on forecast error for seven developed countries. The questions it addresses are: What are the differences and similarities between countries in how the forecast is developed and how accurate it is? Does the purpose of the forecast affect its accuracy? Does the use of quantitative techniques improve forecast error? How does the forecaster's use of subjective factors affect forecast accuracy? And are there significant differences in the underlying country's cultural traits that affect these practices? Most forecast empirical studies investigate the degree of Ž . accuracy and the quantitative methods used to estimate forecast accuracy Mentzler and Cox, 1984 . However, to date, no study has investigated the cultural variables underlying the forecast variables. These variables are well-known in the Ž .