HOW WILL THIS SOURCE HELP YOU RESPOND TO YOUR RESEARCH QUESTIONS?
Considerable literature has accumulated over the years regarding the combination of forecasts. The primary conclusion of this line of research is that forecast accuracy can be substantially improved through the combination of multiple individual forecasts. Furthermore, simple combination methods often work reasonably well relative to more complex combinations. This paper provides a review and annotated bibliography of that literature, including contributions from the forecasting, psychology, statistics, and management science literatures. The objectives are to provide a guide to the literature for students and researchers and to help researchers locate contributions in specific areas, both theoretical and applied.