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:
“Just as we need to encourage women to test life’s many options, we need to acknowledge real limits of energy and resources. It would be pointless and cruel to prescribe role combination for every woman at each moment of her life. Life has its seasons. There are moments when a woman ought to invest emotionally in many different roles, and other moments when she may need to conserve her psychological energies.”
—Faye J. Crosby (20th century)