Remediating system neglect in judgmental demand forecasting

• Main Author: VINAKOTA, Srikant
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2023
• Subjects: Judgmental Forecasting; System Neglect; Overreaction; Underreaction; Behavioral Operationm Experiment; M-Turk; Business Administration, Management, and Operations; Organizational Behavior and Theory
• Online Access: https://ink.library.smu.edu.sg/etd_coll/468; https://ink.library.smu.edu.sg/context/etd_coll/article/1466/viewcontent/SVINAKOTA_DBA_2017_Remediating_System_Neglect.pdf
• Institution: Singapore Management University

Prior research has shown that individuals tasked with judgmental forecasting of demand based on time-series data overreact in stable environments and underreact in unstable environments. Kremer et al. (2011) attributed this to the system neglect hypothesis, which claims that forecasters emphasize fo...