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Forecasting - The Forward Process

In: Decision By Objectives How to Convince Others That You Are Right

Author

Listed:
  • Ernest H. Forman

    (The George Washington University, Washington, D.C., USA)

  • Mary Ann Selly

    (Expert Choice, Inc., Pittsburgh, Pasadena, USA)

Abstract

AbstractThe following sections are included:Illustration 1 – Synthesizing Forecasting Methods for a Composite forecastIllustration 2 – Selecting a Forecasting MethodIllustration 3 – Deriving Probability DistributionsIllustration 4 – Forecasting Alternative OutcomesIllustration 5 – Forecasting models interacting with choice model(s)Illustration 6 – Deriving Scenario LikelihoodsIllustration 7 – Analytical Planning (The Forward/Backward Process)What should we do today to prepare for tomorrow?What do all plans have in common?Planning involves looking forward and backward:Combining the Forward and Backward Processes

Suggested Citation

  • Ernest H. Forman & Mary Ann Selly, 2001. "Forecasting - The Forward Process," World Scientific Book Chapters,in: Decision By Objectives How to Convince Others That You Are Right, chapter 7, pages 213-234 World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789812810694_0007
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    Keywords

    Decision-Making; Resource Allocation; Executive Decision-Making; Multi-Objective Decision-Making; Multi-Criteria Decision-Making; Analytic Hierarchy Process; Paired Comparisons; Pairwise Comparisons; Alternatives of Choice; Decision Hierarchy; Decision Models; Synthesis;

    JEL classification:

    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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