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New Evidence on the Value of Combining Forecasts

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  • Paul Goodwin

Abstract

Paul Goodwin reports on recent research into the theory that combining forecasts from different methods or sources can result in greater forecast accuracy. He cites studies by George Kapetanios, as well as several other researchers, to support the conclusion that "combining forecasts is certainly worth a long, close look." Copyright International Institute of Forecasters, 2009

Suggested Citation

  • Paul Goodwin, 2009. "New Evidence on the Value of Combining Forecasts," Foresight: The International Journal of Applied Forecasting, International Institute of Forecasters, issue 12, pages 33-35, Winter.
    • Handle: RePEc:for:ijafaa:y:2009:i:12:p:33-35
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    Cited by:

    1. 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.
    2. Mario Reinhold & Stephan Thomsen, 2015. "Subnational Population Projections by Age: An Evaluation of Combined Forecast Techniques," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 34(4), pages 593-613, August.
    3. Tom Wilson, 2022. "Preparing local area population forecasts using a bi-regional cohort-component model without the need for local migration data," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 46(32), pages 919-956.
    4. Tom Wilson & Irina Grossman & Monica Alexander & Phil Rees & Jeromey Temple, 2022. "Methods for Small Area Population Forecasts: State-of-the-Art and Research Needs," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 41(3), pages 865-898, June.
    5. B. Jay Coleman, 2014. "Minimum violations and predictive meta‐rankings for college football," Naval Research Logistics (NRL), John Wiley & Sons, vol. 61(1), pages 17-33, February.
    6. Arvydas Jadevicius & Brian Sloan & Andrew Brown, 2012. "Examination of property forecasting models - accuracy and its improvement through combination forecasting," ERES eres2012_082, European Real Estate Society (ERES).

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