Forecasting support systems: ways forward

Petropoulos, Fotios 2015. Forecasting support systems: ways forward. Foresight: The International Journal of Applied Forecasting 39 , pp. 5-11.

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Abstract

Forecasting Support Systems (FSSs) are designed to facilitate the performance of the organization’s forecasters and planners. An FSS always includes a set of statistical methods but also can provide (a) support for management judgment and adjustments (b) procedures for storing, retrieving and presenting information and (c) an intuitive user interface. In this article, Fotios Petropoulos, Foresight’s FSS Editor, offers new ideas on how current FSSs can be improved. He sees three dimensions to the improvement strategy: (i) technological, through open-source software and web-based features, (ii) methodological, in the adoption of state-of-theart methods and (iii) judgmental, supporting interaction between statistical output and managerial judgment.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > HB Economic Theory
Publisher:	International Institute of Forecasters
Date of First Compliant Deposit:	30 March 2016
Date of Acceptance:	18 July 2015
Last Modified:	05 May 2023 08:18
URI:	https://orca.cardiff.ac.uk/id/eprint/84330

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