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A Comparison Between 8 Common Cost Forecasting Methods. Stephen J.C. Paterson. Abstract. Forecasts, one of the most important tools in a Project Controls Practitioners toolkit, the importance of which cannot be stressed enough.
Knowledge on forecasting is summarized in the form of five checklists with guidance on the selection of the most suitable methods for the problem, and their implementation. Originality: Three of the five checklists—addressing (1) evidence-based methods, (2) regression analysis, and (3) assessing uncertainty—are new.
1 Αυγ 2017 · Methods: This paper reviews research on forecasting to identify methods that are useful for forecasting, and those that are not, and to develop checklists of evidence-based forecasting to help forecasters and their clients.
understand the role of forecasting in business decisions, the importance of data and data adjustments, and the macroeconomy and its role in preparing fore- casts.
1 Ιουλ 2022 · We provide an overview of a wide range of theoretical, state-of-the-art models, methods, principles, and approaches to prepare, produce, organise, and evaluate forecasts.
The Golden Rule and Simple Forecasting principles checklists (Exhibits 3 and 4) can help forecasters to implement the evidence-based methods listed in Exhibit 1, and can help forecasters to improve currently used methods in situations where it is not feasible to replace them with evidence-based methods.
3 Απρ 2018 · Checklists to help forecasters and their clients undertake and commission studies that adhere to principles and use valid methods were developed.
