Authors: Wenzel, Thomas
Title: Combination of biased forecasts: Bias correction or bias based weights?
Language (ISO): en
Abstract: Most of the literature on combination of forecasts deals with the assumption of unbiased individual forecasts. Here, we consider the case of biased forecasts and discuss two different combination techniques resulting in an unbiased forecast. On the one hand we correct the individual forecasts, and on the other we calculate bias based weights. A simulation study gives some insight in the situations where we should use the different methods.
Subject Headings: bias correction
combination of forecasts
generalized jackknife
multivariate forecasts
Issue Date: 1999
Provenance: Universitätsbibliothek Dortmund
Appears in Collections:Sonderforschungsbereich (SFB) 475

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