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What is Judgment in Corporate Forecasting about?

This document summarizes a study of judgmental adjustments to statistical forecasts at four large companies. The researchers found that forecasters excessively adjusted statistical forecasts, with 75% of forecasts being adjusted across the companies. While forecasters felt they had good reasons, the adjustments did not consistently improve accuracy. Small adjustments often worsened accuracy, while large adjustments and negative adjustments tended to improve accuracy. The excessive adjustments wasted managem

Author

YULIANA RESCA

Language

EN