Statistical Forecasting: Voodoo Magic Or Intellectual Exercise
The author states that statistical forecasts are no substitute for human judgment. They often lack the ability to peer into the future. He further emphasizes that the final responsibility of forecasts should reside with management.
From Issue:
Winter 1987
(Winter 1987-1988)
IBF Journal Article by David J. Kistska, originally published in Winter 1987-1988
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Statistical Forecasting: Voodoo Magic Or Intellectual Exercise