IDEAS home Printed from https://ideas.repec.org/a/inm/ormnsc/v37y1991i5p501-518.html
   My bibliography  Save this article

Interaction of Judgemental and Statistical Forecasting Methods: Issues & Analysis

Author

Listed:
  • Derek Bunn

    (London Business School, Sussex Place, Regent's Park, London NW1 4SA England)

  • George Wright

    (Strathclyde Business School, Glasgow G4 OGE, United Kingdom)

Abstract

This paper reviews several of the current controversies in the relative value of judgemental and statistical forecasting methods. Where expert, informed judgemental forecasts are being used, a critical analysis of the evidence suggests that their quality is higher than many researchers have previously asserted, and circumstances favourable to this are identified. The issue of the interaction of judgemental and statistical methods is, however, identified as a more worthwhile line of inquiry, and research in this area is reviewed, differentiating approaches aimed at synthesising both of these inputs.

Suggested Citation

  • Derek Bunn & George Wright, 1991. "Interaction of Judgemental and Statistical Forecasting Methods: Issues & Analysis," Management Science, INFORMS, vol. 37(5), pages 501-518, May.
    • Handle: RePEc:inm:ormnsc:v:37:y:1991:i:5:p:501-518
    DOI: 10.1287/mnsc.37.5.501
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/mnsc.37.5.501
    Download Restriction: no
    File URL: https://libkey.io/10.1287/mnsc.37.5.501?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:37:y:1991:i:5:p:501-518. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.