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:
“The English language may hold a more disagreeable combination of words than “The doctor will see you now.” I am willing to concede something to the phrase “Have you anything to say before the current is turned on?””
—Robert Benchley (1889–1945)