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

Taxable Income, The tax rates are as shown. Your firm currently has taxable...

The tax rates are as shown. Your firm currently has taxable income of $79,000. How much additional tax will you owe if you increase your taxable income by $30,000? Taxable Income

Book value of equity, Book Value of Equity: This is the measure used by ow...

Book Value of Equity: This is the measure used by owners of common shares in a firm to determine the level of safety associated with each individual share after all debts are paid

Speculation and arbitraging in foreign exchange market, Question: a) U...

Question: a) Using illustrative and numerical examples, differentiate between speculation and arbitraging in the context of foreign exchange market. b) One year borrowing

Core principles for effective banking supervision, Question: a) The ne...

Question: a) The new capital management framework provides an upgrade of the old version in terms of new risk management techniques. What is the scope of application for the n

Capital budgeting and financial modelling, Need assignment help. Finance, n...

Need assignment help. Finance, needs to be done in excel and word.

Explain what you understand by the term access controls, Question : (a)...

Question : (a) Electronic banking can be defined as "the automated delivery of new and traditional banking products and services directly to customers through electronic, int

Explain foreign exchange market, Question: a) Using illustrative and ...

Question: a) Using illustrative and numerical examples, differentiate between arbitraging and speculation in the context of foreign exchange market. b) One year borrowing

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

differentiate between pricing efficiency and allocative efficiency

Evaluate the total working capital, Question: a) NLTF= Mur150m; WCN= ...

Question: a) NLTF= Mur150m; WCN= 146m; Liquidity= 14m b) Balance Sheet has been solidified by loan from the Holding Company. Had the loan not been prov

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