Date of this Version
International Journal of Forecasting
Research from over 200 studies demonstrates that combining forecasts produces consistent but modest gains in accuracy. However, this research does not define well the conditions under which combining is most effective nor how methods should be combined in each situation. Rule-based forecasting can be used to define these conditions and to specify more effective combinations.
combining forecasts, meta-analysis, realistic simulations, rule-based forecasting
Armstrong, J. S. (1989). Combining Forecasts: The End of the Beginning or the Beginning of the End?. International Journal of Forecasting, 5 (4), 585-588. http://dx.doi.org/10.1016/0169-2070(89)90013-7
Date Posted: 27 November 2017
This document has been peer reviewed.