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J. Scott Armstrong. John Scott Armstrong (March 26, 1937 – September 28, 2023 [1]) was an author, forecasting and marketing expert, [2][3][4] and an Emeritus Professor of Marketing at the Wharton School of the University of Pennsylvania. Armstrong's research and writing in forecasting promote the ideas that in order to maximize accuracy ...
Definition and idea. Strategy is a high level plan to achieve one or more goals under conditions of uncertainty. [3] Strategic foresight happens when any planner uses scanned inputs, forecasts, alternative futures exploration, analysis and feedback to produce or alter plans and actions of the organization. [4][5] Scenario planning plays a ...
Forecasting is the process of making predictions based on past and present data. Later these can be compared (resolved) against what happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results creating a variance actual analysis. Prediction is a similar but more general term.
e. The Delphi method or Delphi technique (/ ˈdɛlfaɪ / DEL-fy; also known as Estimate-Talk-Estimate or ETE) is a structured communication technique or method, originally developed as a systematic, interactive forecasting method that relies on a panel of experts. [1][2][3][4][5] Delphi has been widely used for business forecasting and has ...
2005265513. OCLC no. 862083408. Links. Journal homepage. The Journal of Business Forecasting is a quarterly peer-reviewed academic journal covering business forecasting that is published by the Institute of Business Forecasting & Planning. [1] [2] It was established in 1982.
The International Journal of Forecasting is a quarterly peer-reviewed scientific journal on forecasting. It is published by Elsevier on behalf of the International Institute of Forecasters. Its objective is to "unify the field of forecasting and to bridge the gap between theory and practice, making forecasting useful and relevant for decision ...
Planning is the process of thinking regarding the activities required to achieve a desired goal. Planning is based on foresight, the fundamental capacity for mental time travel. Some researchers regard the evolution of forethought - the capacity to think ahead - as a prime mover in human evolution. [1] Planning is a fundamental property of ...
The IIF organizes the annual International Symposium on Forecasting, held in a different location each year. For the past 40 years, this event has been recognized for the important forecasting research presented there, and for hosting highly respected experts in the field of forecasting, including many Nobel laureates. [9]