Forecasting Support Systems: Ways Forward

Fotios Petropoulos

Foresight: The International Journal of Applied Forecasting, 2015, issue 39, 5-11

Abstract: Forecasting Support Systems (FSSs) are designed to facilitate the performance of an organization?s forecasters and planners. An FSS always includes a set of statistical methods, but can also provide (a) support for management judgment and adjustments, (b) procedures for storing, retrieving, and presenting information, and (c) an intuitive user interface. In this article, Fotios Petropoulos, Foresight?s FSS Editor, offers new ideas on how the current FSS can be improved. He sees three dimensions to the improvement strategy: (i) technological, through open-source software and Web-based features; (ii) methodological, in the adoption of state-of-the-art methods; and (iii) judgmental, supporting interaction between statistical output and managerial judgment. Copyright International Institute of Forecasters, 2015

Date: 2015
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