Judgmental Adjustment: A Challenge for Providers and Users of Forecasts

Both the providers and the users of forecasts appear to view judgmental adjustments as a sign of caring about the forecast. Although fine tunings are expected to increase practitioner satisfaction, adjustments may sometimes backfire and reduce forecast quality. Dilek and Sinan recommend that practitioners use caution in making adjustments, that they rely on support tools, and that they try to understand the motivations and expectations behind the adjustment process.. Copyright International Institute of Forecasters, 2005