Title :
The scientific crystal ball-computer-aided forecasting
Author :
Van der Staal, Peter
Author_Institution :
Res. Center for Adv. Sci. & Technol., Tokyo Univ., Japan
Abstract :
The forecasting formal procedures are written in computer programs for facilitating involved analyses and calculations. The programs contain mathematical and statistical techniques for connecting and fitting time series of variables. Resulting models are extrapolated or simulated to produce forecasts. Some programs contain expert systems and competitions for helping forecasters to make inevitable decisions. These programs are sophisticated, but have fundamental limits and flaws. The program user is seldom (made) aware of these constraints and tends to rely uncritically on the resulting forecasts. This article deals with the features, problems and limits of the use of these systems for forecasting the future
Keywords :
forecasting theory; mathematics computing; statistical analysis; time series; computer-aided forecasting; constraints; forecasting formal procedures; mathematical techniques; probability; statistical techniques; time series; Appraisal; Central nervous system; Computational modeling; Expert systems; History; Humans; Joining processes; Modems; Predictive models; Technology forecasting;
Conference_Titel :
Robot and Human Communication, 1993. Proceedings., 2nd IEEE International Workshop on
Conference_Location :
Tokyo
Print_ISBN :
0-7803-1407-7
DOI :
10.1109/ROMAN.1993.367689