Judgmental Extrapolation
Extending time series “by eye” rather than fitting with a time series equation. According to Armstrong (2001), “naïve extrapolations have often proven to be as accurate as quantitative extrapolations, perhaps because subjects see patterns that are missed by the quantitative methods.”
Spanish: Extrapolación crítica
Sources and references
- Armstrong, Scott (ed.), Principles of Forecasting, Springer, ISBN 0-7923-7401-0 (SC), 2001cited 10 times
- Bunn, Derek and George Wright, “Interaction of Judgmental and Statistical Forecasting Methods: Issues and Analysis,” Management Science.” Vol. 17, No 5, May 1991view
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