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Does Feedback Improve the Accuracy of Recurrent Judgmental Forecasts?

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  • Remus, William
  • O'Conner, Marcus
  • Griggs, Kenneth

Abstract

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  • Remus, William & O'Conner, Marcus & Griggs, Kenneth, 1996. "Does Feedback Improve the Accuracy of Recurrent Judgmental Forecasts?," Organizational Behavior and Human Decision Processes, Elsevier, vol. 66(1), pages 22-30, April.
  • Handle: RePEc:eee:jobhdp:v:66:y:1996:i:1:p:22-30
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    Citations

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    Cited by:

    1. Patrick W. Leung & Ken T. Trotman, 2008. "Effect of different types of feedback on the level of auditors’ configural information processing," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 48(2), pages 301-318, June.
    2. Vera Shanshan Lin, 2019. "Judgmental adjustments in tourism forecasting practice: How good are they?," Tourism Economics, , vol. 25(3), pages 402-424, May.
    3. Sanders, N. R., 1997. "The impact of task properties feedback on time series judgmental forecasting tasks," Omega, Elsevier, vol. 25(2), pages 135-144, April.
    4. Rianne Legerstee & Philip Hans Franses, 2014. "Do Experts’ SKU Forecasts Improve after Feedback?," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 33(1), pages 69-79, January.
    5. Chen, Yao & Djamasbi, Soussan & Du, Juan & Lim, Sungmook, 2013. "Integer-valued DEA super-efficiency based on directional distance function with an application of evaluating mood and its impact on performance," International Journal of Production Economics, Elsevier, vol. 146(2), pages 550-556.
    6. Petropoulos, Fotios & Goodwin, Paul & Fildes, Robert, 2017. "Using a rolling training approach to improve judgmental extrapolations elicited from forecasters with technical knowledge," International Journal of Forecasting, Elsevier, vol. 33(1), pages 314-324.
    7. Thomson, Mary E. & Onkal-Atay, Dilek & Pollock, Andrew C. & Macaulay, Alex, 2003. "The influence of trend strength on directional probabilistic currency predictions," International Journal of Forecasting, Elsevier, vol. 19(2), pages 241-256.
    8. Lawrence, Michael & Sim, William, 1999. "Prototyping a financial DSS," Omega, Elsevier, vol. 27(4), pages 445-450, August.
    9. Zvi Schwartz & Timothy Webb & Jean-Pierre I van der Rest & Larissa Koupriouchina, 2021. "Enhancing the accuracy of revenue management system forecasts: The impact of machine and human learning on the effectiveness of hotel occupancy forecast combinations across multiple forecasting horizo," Tourism Economics, , vol. 27(2), pages 273-291, March.
    10. Glover, Steven M. & Prawitt, Douglas F. & Spilker, Brian C., 1997. "The Influence of Decision Aids on User Behavior: Implications for Knowledge Acquisition and Inappropriate Reliance," Organizational Behavior and Human Decision Processes, Elsevier, vol. 72(2), pages 232-255, November.
    11. Remus, William & O'Connor, Marcus & Griggs, Kenneth, 1998. "The impact of incentives on the accuracy of subjects in judgmental forecasting experiments," International Journal of Forecasting, Elsevier, vol. 14(4), pages 515-522, December.
    12. Stone, Eric R. & Opel, Ryan B., 2000. "Training to Improve Calibration and Discrimination: The Effects of Performance and Environmental Feedback," Organizational Behavior and Human Decision Processes, Elsevier, vol. 83(2), pages 282-309, November.
    13. Perera, H. Niles & Hurley, Jason & Fahimnia, Behnam & Reisi, Mohsen, 2019. "The human factor in supply chain forecasting: A systematic review," European Journal of Operational Research, Elsevier, vol. 274(2), pages 574-600.
    14. J. Michael Haynie & Dean A. Shepherd & Holger Patzelt, 2012. "Cognitive Adaptability and an Entrepreneurial Task: The Role of Metacognitive Ability and Feedback," Entrepreneurship Theory and Practice, , vol. 36(2), pages 237-265, March.
    15. Patrick Krieger & Carsten Lausberg, 2021. "Entscheidungen, Entscheidungsfindung und Entscheidungsunterstützung in der Immobilienwirtschaft: Eine systematische Literaturübersicht [Decisions, decision-making and decisions support systems in r," Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), Springer;Gesellschaft für Immobilienwirtschaftliche Forschung e. V., vol. 7(1), pages 1-33, April.
    16. Bolger, Fergus & Onkal-Atay, Dilek, 2004. "The effects of feedback on judgmental interval predictions," International Journal of Forecasting, Elsevier, vol. 20(1), pages 29-39.
    17. Lawrence, Michael & Goodwin, Paul & O'Connor, Marcus & Onkal, Dilek, 2006. "Judgmental forecasting: A review of progress over the last 25 years," International Journal of Forecasting, Elsevier, vol. 22(3), pages 493-518.
    18. Fischer, Ilan & Harvey, Nigel, 1999. "Combining forecasts: What information do judges need to outperform the simple average?," International Journal of Forecasting, Elsevier, vol. 15(3), pages 227-246, July.
    19. Leung, Patrick W. & Trotman, Ken T., 2005. "The effects of feedback type on auditor judgment performance for configural and non-configural tasks," Accounting, Organizations and Society, Elsevier, vol. 30(6), pages 537-553, August.
    20. Bregu, Klajdi, 2020. "Overconfidence and (Over)Trading: The Effect of Feedback on Trading Behavior," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 88(C).

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