Publisher's Synopsis
Excerpt from Characteristics and Implications of Forecasting Errors in the Selection of R& D Projects
The continuous sequence of forecast-decision-results-errors-fore cast constitutes a feedback loop, a fundamental structure inherent in the control of all physical and social systems. It is through a plexus of feedback loop structures like that in Figure 1 that forecasting tech niques and their associated errors affect the performance of the firm. If we are to understand the implications of errors, they must be viewed in the context of this feedback loop structure. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
