A randomization rule for selecting forecasts

A randomization rule for selecting forecasts

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Article ID: iaor19941644
Country: United States
Volume: 41
Issue: 4
Start Page Number: 704
End Page Number: 709
Publication Date: Jul 1993
Journal: Operations Research
Authors: ,
Abstract:

The authors propose a randomized strategy for selecting/combining forecasts that is better than the forecasts used to produce it in a sense made precise in this paper. Unlike traditional methods this approach requires that no assumptions be made about the distribution of the event being forecasted or the error distribution and stationarity of the constituent forecasts. The method is simple and easy to implement.

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