As businesses navigate increasingly complex economic pressures, the demand for more reliable and sophisticated sales ...

In Miami, the temperature forecast is usually accurate a week into the future. But in Paonia, Colo., even the one-day temperature forecast is wrong by almost 6 degrees Fahrenheit on average.

Those with accurate forecasting models navigated the cold spell successfully. Others faced stark choices between absorbing massive losses or passing unexpected costs to customers. This scenario ...

Clement, Michael B. "Analysts' Forecast Accuracy: Do Ability and Portfolio Complexity Matter." Journal of Accounting & Economics 27, no. 3 (July 1999): 285–303.

Compared to existing techniques, it improved accuracy by 12% and reduced false alarms by a factor of three, representing a major advancement in forecasting. Although the model was initially ...