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Forecasting Support Systems: Ways Forward

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  • Fotios Petropoulos

Abstract

Forecasting Support Systems (FSSs) are designed to facilitate the performance of an organization?s forecasters and planners. An FSS always includes a set of statistical methods, but can also 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 the current FSS 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-the-art methods; and (iii) judgmental, supporting interaction between statistical output and managerial judgment. Copyright International Institute of Forecasters, 2015

Suggested Citation

  • Fotios Petropoulos, 2015. "Forecasting Support Systems: Ways Forward," Foresight: The International Journal of Applied Forecasting, International Institute of Forecasters, issue 39, pages 5-11, Fall.
    • Handle: RePEc:for:ijafaa:y:2015:i:39:p:5-11
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    Cited by:

    1. Petropoulos, Fotios & Apiletti, Daniele & Assimakopoulos, Vassilios & Babai, Mohamed Zied & Barrow, Devon K. & Ben Taieb, Souhaib & Bergmeir, Christoph & Bessa, Ricardo J. & Bijak, Jakub & Boylan, Joh, 2022. "Forecasting: theory and practice," International Journal of Forecasting, Elsevier, vol. 38(3), pages 705-871.
      • Fotios Petropoulos & Daniele Apiletti & Vassilios Assimakopoulos & Mohamed Zied Babai & Devon K. Barrow & Souhaib Ben Taieb & Christoph Bergmeir & Ricardo J. Bessa & Jakub Bijak & John E. Boylan & Jet, 2020. "Forecasting: theory and practice," Papers 2012.03854, arXiv.org, revised Jan 2022.
    2. Makridakis, Spyros & Spiliotis, Evangelos & Assimakopoulos, Vassilios, 2022. "M5 accuracy competition: Results, findings, and conclusions," International Journal of Forecasting, Elsevier, vol. 38(4), pages 1346-1364.

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