Forecasting and its Beneficiaries

Rostami-Tabar, Bahman and Boylan, John (2022) Forecasting and its Beneficiaries. In: The Palgrave Handbook of Operations Research. Palgrave Macmillan, Cham, pp. 695-717. ISBN 9783030969349

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This chapter addresses the question of who benefits from forecasting, using ’Forecasting for Social Good’ as a motivating framework. Barriers to broadening the base of beneficiaries are identified, and some parallels are drawn with similar concerns that were expressed in the Operational Research literature some years ago. A recent initiative, called ‘Democratising Forecasting’, is discussed, highlighting its achievements, challenges, limitations and future agenda. Communication issues between the major forecasting stakeholders are also examined, with pointers being given for more effective communications, in order to gain the greatest benefits.

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17 Nov 2022 09:35
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21 Nov 2022 17:51