Aziz, RA and Percy, DF ORCID: https://orcid.org/0000-0002-2733-3855
2009,
'Modelling approaches to enhance the quality of forecasting processes'
, Journal of Accounting, Business and Management, 16 (2)
.
Abstract
The purpose of this paper is to put forward an insight into a mathematical model proposed in concept with the hope that both academicians and practitioners will progress in achieving forecast accuracy. The model explains the use of probability distribution against point forecasts, the cost function and fundamentals of Bayesian methodology in approach. Previous observations through pilot study, postal survey, case study and a follow-up survey form a basis in formulating the mathematical model explained. In writing this paper, we attempt to give explanations for and cost effects of imperfect forecasts, an oversight which frequently occurs to management.
Item Type: | Article |
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Themes: | Built and Human Environment |
Schools: | Schools > Salford Business School > Salford Business School Research Centre |
Journal or Publication Title: | Journal of Accounting, Business and Management |
Refereed: | Yes |
Depositing User: | Professor D. F. Percy |
Date Deposited: | 10 Oct 2011 13:52 |
Last Modified: | 27 Aug 2021 19:59 |
URI: | http://usir.salford.ac.uk/id/eprint/18117 |
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