For the 22nd year, the IIF, in collaboration with SAS®, is proud to announce financial research grants for research on improving forecasting methods and business forecasting practice. This grant was created in 2003 by the IIF, with financial support from the SAS® Institute, to promote research on forecasting principles and practice. The two grants will support research on (1) how to improve forecasting methods and (2) business forecasting practice and applications. Forecasting research has seen major changes in the theoretical ideas underpinning forecasting effectiveness over the last 40 years. However, there has been less impact on forecasting practice. This grant will offer financial support for research on how to improve forecasting methods, and business forecasting practice, including organisational aspects of management of the forecasting process.
There will be (2) $10,000 grants awarded. The deadline date for applications is October 12, 2024. To learn more and to apply for this grant, visit our website.
Last year’s award recipients:
Kristen Schell, Carleton University, with joint appointment at Rensselaer Polytechnic Institute; Mario Arrieta-Prieto, National University of Colombia, for the project proposal in the category of Methodology, Spatio-temporal Probabilistic Forecasting of Circular Variables: Enhancing the Value of Wind Power Prospective Models by Incorporating Wind Direction Probabilistic Forecasts
Xuguang Simon Sheng, American University, for the project proposal in the category of Applications, A Novel Method for Eliciting Business Inflation Expectations