Eliciting and Aggregating Forecasts When Information is Shared

Eliciting and Aggregating Forecasts When Information is Shared

<p>Using the wisdom of crowds---combining many individual forecasts to obtain an aggregate estimate---can be an effective technique for improving forecast accuracy. When individual forecasts are drawn from independent and identical information sources, a simple average provides the optimal cro...

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Bibliographic Details
Main Author: Palley, Asa
Other Authors: Soll, Jack B
Published: 2016
Subjects:
Business administration
Economic theory
Aggregation
Forecasting
Shared Information
Wisdom of Crowds
Online Access:http://hdl.handle.net/10161/12247

Internet

http://hdl.handle.net/10161/12247

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