Executives always make predictions. They are not always happy making them because accuracy is difficult, especially the longer they extend into the future.
On the assumption that those who are more certain of their prediction will bet on it, actual prediction markets have been created. They are not new, having been used to anticipate winners of presidential elections and Super Bowls. But now we have what have been called business futures, for forecasts on GDP and unemployment.
Check out www,cfo.com for more information.
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