Explain why combining forecasts from several people or models should produce forecast that have less variability or

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Explain why combining forecasts from several people or models should produce forecast that have less variability or errors than forecasts produced by an individual

or a model. Your answer must be checked in Turnit in system to avoid any plagiarism.

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Systems analysis and design

ISBN: ?978-1118808177

5th edition

Authors: Alan Dennis, Barbara Haley Wixom, Roberta m. Roth

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Posted Date: Jun 10, 2020 09:48 AM

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Explain why combining forecasts from several people or models should produce forecast that have less variability or

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Expert Answer:

For the correct predictionuse different data or different methods Using several sources of data can add useful information and may also adjust for biases For example to forecast the number of cars to ... View the full answer

Systems analysis and design

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