"This case serves to illustrate how averaging point predictions use the wisdom of crowds. Pupils access data from the Survey of Professional Forecasters (SPF) and compare the performance of the bunch (i.e., the average point outlooks) to the average performance of the person panelists and the best performer from the previous interval.
The case scenario is projected for utilization in a course on forecasting, and the educator can present it in three ways: with all essential SPF information cleaned and preprocessed in a student spreadsheet (UVA QA 0805X, provided with the case); with code (also provided in the pupil spreadsheet) particularly written by case authors in the R, the statistical computing program, together with a supplementary handout (UVA QA 0805H, additionally supplied with the case), which walks students through R code, describing how to clean and examine the SPF info; or as a team endeavor to be worked out over numerous days, giving neither the spreadsheet nor the nutritional supplement. The latter would be a enormous exercise in data retrieval, cleaning, reshaping, and analysis."
Surveying Professional Forecasters case study solution
PUBLICATION DATE: June 27, 2013 PRODUCT #: UV6697-PDF-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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