All Outputs (2)

Prediction-led prescription: optimal Decision-Making in times of Turbulence and business performance improvement (2024)
Journal Article
Schaefers, A., Bougioukos, V., Karamatzanis, G., & Nikolopoulos, K. (2024). Prediction-led prescription: optimal Decision-Making in times of Turbulence and business performance improvement. Journal of Business Research, 182, Article 114805. https://doi.org/10.1016/j.jbusres.2024.114805

Can you have prescription without prediction? Most scholars and practitioners would argue that a good forecast drives an optimal decision, thus promoting the concept of prediction-led prescription. In times of turbulence, Special events like promotio... Read More about Prediction-led prescription: optimal Decision-Making in times of Turbulence and business performance improvement.

Fathoming empirical forecasting competitions’ winners (2022)
Journal Article
Alroomi, A., Karamatzanis, G., Nikolopoulos, K., Tilba, A., & Xiao, S. (2022). Fathoming empirical forecasting competitions’ winners. International Journal of Forecasting, 38(4), 1519-1525. https://doi.org/10.1016/j.ijforecast.2022.03.010

The M5 forecasting competition has provided strong empirical evidence that machine learning methods can outperform statistical methods: in essence, complex methods can be more accurate than simple ones. This result, be as it may, challenges the flags... Read More about Fathoming empirical forecasting competitions’ winners.