Tag Archives: judgemental adjustments

The Bias Coefficient: a new metric for forecast bias

In this post I introduce a new bias metric that has several desirable properties over traditional ones. When evaluating forecasting performance it is important to look at two elements: forecasting accuracy and bias. Although there has been substantial progress in the measurement of accuracy with various metrics being proposed, there has been rather limited progress… Read More »

Forecasting Society launched!

Together with Fotios Petropoulos we launched a new portal to facilitate judgemental forecasting research. The aim of the Forecasting Society (www.forsoc.net) is to bring together researchers in judgemental forecasting and participants from practice and academia. At the same we hope that it will grow to be a discussion forum to exchange and promote judgemental forecasting… Read More »