Beyond Error Measures to the Utility and Cost of the Forecasts

Thank you for your interest in Foresight. We hope you enjoy this article from our 2021, Q4 issue

Elizabeth Yardley and Fotios Petropoulos criticize the exclusive use of forecast error metrics to evaluate forecast methods and recommend focus on forecast value, which accounts as well for method computation costs and how the forecasts will be used to support decision making.

Please complete and submit the form below to receive this article, with our compliments.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.