Characteristics And Implications of Forecasting Errors in the Selection of R D
Characteristics And Implications of Forecasting Errors in the Selection of R D
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Several members of the M. I. T. Research Program on the Management of Science and Technology have begun to study the characteristics and the dynamic implications of errors in the forecasts used to select -4- among alternative development projects . I will present two aspects of that work: data on the errors which actually occur in industrial- development -or ieated forecasts and results from computer simulations which trace the effects of such forecasting errors as they are propa- gated through... the decision loop networks of the laboratory. The specific characteristics of laboratory decision loops will vary from one firm to another, but the decision feedback loop structure underlying industrial development activity is quite general. Individual laboratory differences can easily be accommodated by statistical and simulation techniques o It is thus already possible to generalize some results of the research, and I will point out several significant con- clusions. I must emphasize, however, that the real importance lies with this approach to forecasting.
What to read after Characteristics And Implications of Forecasting Errors in the Selection of R D?
You can find similar books in the "Read Also" column, or choose other free books by Dennis L Meadows to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Several members of the M. I. T. Research Program on the Management of Science and Technology have begun to study the characteristics and the dynamic implications of errors in the forecasts used to select -4- among alternative development projects . I will present two aspects of that work: data on the errors which actually occur in industrial- development -or ieated forecasts and results from computer simulations which trace the effects of such forecasting errors as they are propa- gated through... the decision loop networks of the laboratory. The specific characteristics of laboratory decision loops will vary from one firm to another, but the decision feedback loop structure underlying industrial development activity is quite general. Individual laboratory differences can easily be accommodated by statistical and simulation techniques o It is thus already possible to generalize some results of the research, and I will point out several significant con- clusions. I must emphasize, however, that the real importance lies with this approach to forecasting.
What to read after Characteristics And Implications of Forecasting Errors in the Selection of R D?
You can find similar books in the "Read Also" column, or choose other free books by Dennis L Meadows to read onlineMoreLess
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