Optimal forecasting groups

PJ Lamberson, SE Page - Management Science, 2012 - pubsonline.informs.org
… is formed by taking a simple average of the individual forecasts. We make this restrictive …
is the optimal group composition rather than how to combine a given set of forecasts. Second, …

Optimal group selection algorithm in air quality index forecasting via cooperative information criterion

Z Ding, H Chen, L Zhou - Journal of Cleaner Production, 2021 - Elsevier
… this paper to determine the optimal forecasting group from multiple forecasts. The cooperative
groups. This measurement not only takes the predictive ability of individual forecasts into …

Group-based forecasting?: A social psychological analysis

NL Kerr, RS Tindale - International journal of forecasting, 2011 - Elsevier
… When the relevant information or expertise is dispersed across domains such that various
perspectives must be combined to achieve an optimal outcome, groups become almost a …

Individual and group advice taking in judgmental forecasting: Is group forecasting superior to individual forecasting?

HY Kim, YS Lee, DB Jun - Journal of Behavioral Decision …, 2020 - Wiley Online Library
… We formulated reasonable advice as the value forecasted for Period 41 by fitting a known
optimal forecasting model without the error terms (one of the models described above that is …

Optimal combination forecasts for hierarchical time series

RJ Hyndman, RA Ahmed, G Athanasopoulos… - … statistics & data analysis, 2011 - Elsevier
… the rate of job turnover in the economy as a whole and across major occupational groups,
but it is also important to do so at the individual occupation level. The hierarchical structure …

Impact of forecasting accuracy on predictive optimal control of active and passive building thermal storage inventory

GP Henze, DE Kalz, C Felsmann, G Knabe - HVAC&R Research, 2004 - Taylor & Francis
… This paper evaluates the benefits of combined optimal control of both passive building …
forecasting uncertainty in the required short-term weather forecasts. Selected short-term weather …

Determining an optimal hierarchical forecasting model based on the characteristics of the data set

ZD Nenova, JH May - Journal of Operations Management, 2016 - Elsevier
… Thirteen products belong to both the training and validation sets, only five of which are
classified into the same forecast aggregation group in both sets. The shipment patterns for those …

The impact of task characteristics on the performance of structured group forecasting techniques

G Rowe, G Wright - International Journal of Forecasting, 1996 - Elsevier
optimal solutions are assessed. We have focused here on a task involving the forecasting of
… The short time period of the forecasts ensured that we could verify judgment accuracy, and …

Forecasting system parent group formation: An empirical application of cluster analysis

EB Fliedner, B Lawrence - Journal of Operations Management, 1995 - Elsevier
… size and variability provided the motivation for additional analysis regarding optimal parent
group size determination. Various methods have been tested to determine optimal cluster …

Combining forecasts–forty years later

KF Wallis - Perspectives on Econometrics and Applied Economics, 2014 - taylorfrancis.com
… ‘the inefficiency of mean forecasts’ in independent work by a later group of authors. The …
optimal forecast can be achieved as a combination of the mean forecast and the public forecast