Mostly business decision rely on making a forecast of outcomes of the decisions. Most Business organizations execute decision making but are inefficient in its performance. They either ask for a point prediction that is a single “best guess” forecast when everyone is informed about it is oversimplification of the truth, or for a simple forecast that will eventually result in prejudiced predictions more likely. The article writer introduces an ordinary approach that takes seriously the uncertainty in forecasting and commonly made mistakes in the manner people think about this uncertainty.
PUBLICATION DATE: December 15, 2014 PRODUCT #: CMR579-PDF-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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