The value of feedback in forecasting competitions

George Athanasopoulos () and Rob J Hyndman ()

No 3/11, Monash Econometrics and Business Statistics Working Papers from Monash University, Department of Econometrics and Business Statistics

Abstract: In this paper we challenge the traditional design used for forecasting competitions. We implement an online competition with a public leaderboard that provides instant feedback to competitors who are allowed to revise and resubmit forecasts. The results show that feedback significantly improves forecasting accuracy.

Keywords: Forecasting competition; feedback. (search for similar items in EconPapers)
JEL-codes: C53 L83 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-for
Date: 2011-02-09
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Journal Article: The value of feedback in forecasting competitions (2011)
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