Consensus Forecasting Using Relative Error Weights

Author： Lackman Conway   Brandon Charles  

Publisher： Emerald Group Publishing Ltd

ISSN： 0263-4503

Source： Marketing Intelligence & Planning, Vol.12, Iss.1, 1994-01, pp. : 37-41

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Abstract

Employs weights based on relative errors produced by two or more models to formulate a consensus forecast. This method better captures changing patterns through time and sharply reduces size of forecast error.

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