Forecasting with scenarios

Article Abstract:

The convergence of scenario development and current forecasting practice is becoming increasingly evident. Scenario analysis involves describing feasible predictions for the future which are not necessarily the most probable outcome. Scenarios can be used to support strategic planning in several areas. Popular areas of scenario analysis are described, with focus on associated research into judgmental forecasting and human cognition. Scenario construction is examined, including scenarios with decision-making entities and scenario interdependencies.

Strategic planning (Business), Judgment (Logic)

---

A field study of sales forecasting accuracy and processes

Article Abstract:

A study is reported of investigations into the judgemental sales forecasts of thirteen manufacturers to discover whether their predictions are efficient, accurate and unbiased, and whether a computer-based model would have been better.

Operations research, Management science, Sales forecasting

---

The use of Bayesian forecasting to make process adjustments during transitions

Article Abstract:

The use of Bayesian forecasting for making process adustments during a transition phase is discussed.

Management, Bayesian statistical decision theory, Bayesian analysis, Process control

Similar abstracts:

• Abstracts: Straining at the seams. A spanner in the productivity miracle
• Abstracts: Fuzzy programming and profit and cost allocation for a production and transport problem. A methodological framework for the validation of predictive simulations
• Abstracts: Recurrent queues with service option on arrival. Determining the relative efficiency of MBA programs using DEA
• Abstracts: Italy's government soldiers on, but for how long? Italy plants a new tree. Muddle
• Abstracts: Usinor rules out tie-ups. Wanadoo of France records a net loss of 66.9 million euros. Analysts want Carrefour to detail its web plans

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.