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FVA: A Reality Check on Forecasting Practices

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  • Mike Gilliland

Abstract

Mike Gilliland has long advocated the use of a forecast value added (FVA) metric to assess the effectiveness of managerial adjustments to statistical forecasts as well as other individual phases of the forecasting process. FVA has caught on in many companies as an aid in eliminating unnecessary or even harmful actions Ð something for all businesses to think about. Copyright International Institute of Forecasters, 2013

Suggested Citation

  • Mike Gilliland, 2013. "FVA: A Reality Check on Forecasting Practices," Foresight: The International Journal of Applied Forecasting, International Institute of Forecasters, issue 29, pages 14-18, Spring.
    • Handle: RePEc:for:ijafaa:y:2013:i:29:p:14-18
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    Cited by:

    1. Spyros Makridakis & Chris Fry & Fotios Petropoulos & Evangelos Spiliotis, 2022. "The Future of Forecasting Competitions: Design Attributes and Principles," INFORMS Joural on Data Science, INFORMS, vol. 1(1), pages 96-113, April.

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