Should We Redesign Forecasting Competitions?
4 Pages Posted: 7 Feb 2005 Last revised: 1 Jan 2012
The M3-Competition continues to improve the design of forecasting competitions: It examines more series than any previous competition, improves error analyses and includes commercial forecasting programs as competitors. To judge where to go from here, I step back to look at the M-Competitions as a whole. I discuss the advantages of the M-Competitions in hopes that they will be retained, describe how to gain additional benefit from future competitions, and finally, describe a low-cost approach to competitions.
Keywords: M3-competition, forecasting, forecasting error
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