Publication detail

Judgmental Forecasting and Simulation

DOSTÁL, P.

Original Title

Judgmental Forecasting and Simulation

Czech Title

Úsudková predikce a simulace

English Title

Judgmental Forecasting and Simulation

Type

journal article

Language

en

Original Abstract

The article deals with the build-up of a model for judgmental forecasting. The built up model is described, its inputs and outputs are explained and interpretation of its results are mentioned. The two dimensional partial differential equation of second order is used for the simulation. The possible usages are mentioned such as hospital, hotels, banks, warehouses, petrol station and restaurant competitive environment. The judgmental forecasting serves as a support of decision making processes to entrepreneurs, managers and investors.

Czech abstract

Článek pojednává o tvorbě modelu pro úsudkovou predikci. Je popsán model, jeho vstupy a výstupy včetně interpretace výsledků. Pro simulaci je použito diferenciální rovnice druhého řádu. Je demonstrováno možné použití v oblasti konkurence nemocnic, hotelů, bank, obchodních domů, čerpacích stanic a restaurací. Úsudková predikce slouží jako podpora pro rozhodování manažerů, podnikatelů a investorů.

English abstract

The article deals with the build-up of a model for judgmental forecasting. The built up model is described, its inputs and outputs are explained and interpretation of its results are mentioned. The two dimensional partial differential equation of second order is used for the simulation. The possible usages are mentioned such as hospital, hotels, banks, warehouses, petrol station and restaurant competitive environment. The judgmental forecasting serves as a support of decision making processes to entrepreneurs, managers and investors.

Keywords

Judgmental forecasting, model, simulation, competitive environment, managers, investors

RIV year

2011

Released

27.06.2011

Publisher

International Institute of Forecasting

Location

USA

Pages from

132

Pages to

136

Pages count

4