Forecasting support systems: ways forward

Article English OPEN
Petropoulos, Fotios (2015)
  • Publisher: International Institute of Forecasters
  • Subject: HB

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