Date of this Version
Sophisticated extrapolation techniques have had a negligible payoff for accuracy in forecasting. As a result, major changes are proposed for the allocation of the funds for future research on extrapolation. Meanwhile, simple methods and the combination of forecasts are recommended.
Armstrong, J. S. (1984). Forecasting by Extrapolation: Conclusions from Twenty-five Years of Research. Retrieved from http://repository.upenn.edu/marketing_papers/77
Date Posted: 14 June 2007
This document has been peer reviewed.