Tag Archives: corporate forecasting

Prediction Markets = Social Business Intelligence

Good article about CrowdCast.

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Good article about corporate forecasting in The Economist (circa February 2009)

The Economist / CFO.com: The usual trick of plugging figures from operating units into spreadsheets appeals to number-crunchers, but can often generate misleading targets, especially when conditions change fast. [...] Some companies have formalised this kind of approach by creating … Continue reading

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Assessing the usefulness of enterprise prediction markets

Do you need to have experience in running an enterprise prediction exchange in order to assess the pertinence of enterprise prediction markets? Paul Hewitt: Hi Jed… As for qualifications, I have been making business decisions for almost 30 years. I … Continue reading

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The truth about CrowdClarity’s extraordinary predictive power (which impresses Jed Christiansen so much)

Paul Hewitt: At first blush, it appears that we finally have a bona fide prediction market success! If we’re going to celebrate, I’d suggest Prosecco, not Champagne, however. There are a number of reasons to be cautious. These represent only … Continue reading

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Finally, a positive corporate prediction market case study… —well, according to Jed Christiansen

Jed Christiansen: To recap, the prediction market beat the official GM forecast (made at the beginning of the month) easily, which isn’t hugely surprising considering the myopic nature of internal forecasting. But the prediction market also beat the Edmunds.com forecast. … Continue reading

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Using prediction markets to selecting the best ideas as opposed to judging accuracy of predictions on measurable outcomes?

I don’t get it, but you can always go there and scan that illogical Motorola EPM story.

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