The Need for Risk Management in Forecasting Software

Johann Robette

Foresight: The International Journal of Applied Forecasting, 2023, issue 71, 42-47

Abstract: As organizations make thousands of forecast-based decisions every day, itis critical to prioritize which ones need a thorough review and which ones do not. But how do you score and rank the criticality level of each decision? The answer lies in risk management, a crucial capability that unfortunately remains absent from most forecast-based software. Copyright International Institute of Forecasters, 2023

Date: 2023
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