Combination Forecasts
Combination Forecasts combine the methods discussed above. The advantage is that in most cases accuracy is increased; however a researcher must be careful that the disadvantages of each of the above methods do not combine to produce compound errors in forecasts. Examples of combination forecasts include: “Integration of Judgment and Quantitative Forecasts” and “Simple and Weighted Averages”.
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Famous quotes containing the word combination:
“Doubts of all things earthly, and intuitions of some things heavenly; this combination makes neither believer nor infidel, but makes a man who regards them both with equal eye.”
—Herman Melville (1819–1891)