2020
DOI: 10.1002/wics.1514
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Aggregating predictions from experts: A review of statistical methods, experiments, and applications

Abstract: Forecasts support decision making in a variety of applications. Statistical models can produce accurate forecasts given abundant training data, but when data is sparse or rapidly changing, statistical models may not be able to make accurate predictions. Expert judgmental forecasts—models that combine expert‐generated predictions into a single forecast—can make predictions when training data is limited by relying on human intuition. Researchers have proposed a wide array of algorithms to combine expert predicti… Show more

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Cited by 36 publications
(32 citation statements)
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References 154 publications
(463 reference statements)
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“…In this context, our results demonstrate that it is preferable to use an equally-weighted ensemble to buffer against uncertainty in optimal ensemble weights. As is also being demonstrated in forecasts of COVID-19, equally weighted ensembles can provide accurate forecasts [26, 45] and may be a better reflection of the considerable structural uncertainty inherent to models of emerging pathogen transmission [24].…”
Section: Discussionmentioning
confidence: 99%
“…In this context, our results demonstrate that it is preferable to use an equally-weighted ensemble to buffer against uncertainty in optimal ensemble weights. As is also being demonstrated in forecasts of COVID-19, equally weighted ensembles can provide accurate forecasts [26, 45] and may be a better reflection of the considerable structural uncertainty inherent to models of emerging pathogen transmission [24].…”
Section: Discussionmentioning
confidence: 99%
“…For example we use the posterior estimates prior to time T and forecast assuming time variable parameters were constant in the forecasting horizon and equal to me average estimated for the previous week t ∈ [ T − 10, T ] this forecast reasoning have also seen in [26] for more details in the forecast methods see section S.5 in Supplementary Material. Then we evaluated the forecast performance using different scores to measure the fit to the observations [27, 28, 29]. We implemented a probabilistic assessment of our forecasts calculating the sharpness of predictive distributions subject to calibration [29, 30].…”
Section: Methodsmentioning
confidence: 99%
“…These help to improve accuracy, and reduce overconfidence by reducing biases such as anchoring, groupthink, and confirmation bias. The IDEA protocol aims to improve accuracy through controlling groupthink by aggregating group assessments mathematically and not behaviourally [12][13][14][15]. That is, group members are not forced to agree on a single final judgement that reflects the whole group.…”
Section: Research Goalsmentioning
confidence: 99%