Experts averag - forecasting methods, Corporate Finance

Assignment Help:

This method simply calculates the average of a number of expert estimates. Let E denote the number of experts, and mn,e denote the forecast of expert e, e =1, ... ,E, for SKU n 2N. Then the average experts' forecast mn for SKU n can be written as

1242_Experts averag - forecasting methods.png

This averaging method was applied by Fisher and Raman (1996), Fisher et al. (2000), who use panels of 7 and 4 experts, respectively. The use of an expert panel (also referred to as a buying committee) in forecasting has also been documented by Raman (1999), Mantrala and Rao (2001). Combining forecasts of experts increases accuracy, because inconsistencies of one expert tend to cancel out the inconsistencies of another (Blattberg and Hoch, 1990)


Related Discussions:- Experts averag - forecasting methods

Determine the securities debt or equity of x , X has 10 shareholders, each ...

X has 10 shareholders, each of whom owns 100 of its 1,000 outstanding shares of common stock (worth $100 per share).  No other stock is outstanding.  Determine whether the securiti

Bond valuation, An investor buys a French government, 10-year bond, paying ...

An investor buys a French government, 10-year bond, paying annual coupon of 4.5%. Face value = 1000. The investor is unsure of his investment horizon and considers 5 horizons: 5, 6

Efficiency, differentiate between allocative efficiency and pricing efficie...

differentiate between allocative efficiency and pricing efficiency.

Evaluate accounting method, Question 1: Collect a current annual report (2...

Question 1: Collect a current annual report (2009) of an Australia listed company. Select the firm that reported the following assets. Select BOTHtypes of assets. Proper

Case Study, B. Zehpher Intelligence A second possible Acquisition, Zehpher ...

B. Zehpher Intelligence A second possible Acquisition, Zehpher Intelligence, an IT company is operating in a rapid growth industry. Relevant financials: Free cash flow for the pa

Have mergers affected competition, Have mergers affected competition? ...

Have mergers affected competition? A: Federal Reserve data show that measured on the local level, where competition takes place, markets have actually experienced more bank

Test solution.free., Initial investment 1950000 net cash flow 2075246 disco...

Initial investment 1950000 net cash flow 2075246 discount 15% find irr. Please solve in detail. regards thanks. .

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd