Forecasting: A Challenge for True Statisticians

Forecasting: A Challenge for True Statisticians

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At all times, looking into the future and knowing what is happening has been a dream of mankind. As a symbol for this attempt the Oracle of Delphi is the best proof and until today the Delphi-Method is an important decision support tool. Despite of all methods and procedures to make forecasting a high level of responsibility, seriousness and professionalism of all the involved people is an absolute necessity. Today, unfortunately we often have the situation where those who are putting society at risk are "no true statisticians", merely people using statistics either without understanding them ...