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Forecasting and its Beneficiaries

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Abstract

This chapter addresses the question of who benefits from forecasting, using ’Forecasting for Social Good’ as a motivating framework. Barriers to broadening the base of beneficiaries are identified, and some parallels are drawn with similar concerns that were expressed in the Operational Research literature some years ago. A recent initiative, called ‘Democratising Forecasting’, is discussed, highlighting its achievements, challenges, limitations and future agenda. Communication issues between the major forecasting stakeholders are also examined, with pointers being given for more effective communications, in order to gain the greatest benefits.

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Author information

Authors and Affiliations

  1. Cardiff Business School, Cardiff University, Cardiff, CF10 3EU, UK

    Bahman Rostami-Tabar

  2. Department of Management Science, Lancaster University, Lancaster, England

    John E. Boylan

Authors
  1. Bahman Rostami-Tabar
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  2. John E. Boylan
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Correspondence to John E. Boylan .

Editor information

Editors and Affiliations

  1. Kent Business School, University of Kent, Canterbury, UK

    Saïd Salhi

  2. Lancaster University, Lancaster, UK

    John Boylan

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Rostami-Tabar, B., Boylan, J.E. (2022). Forecasting and its Beneficiaries. In: Salhi, S., Boylan, J. (eds) The Palgrave Handbook of Operations Research . Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-96935-6_21

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