# The Bayesian approach to the combination of forecasts: some extensions into a skewed environment.

Trabajos de Estadística (1987)

- Volume: 2, Issue: 2, page 103-113
- ISSN: 0213-8190

## Access Full Article

top## Abstract

top## How to cite

topJanssens, Gerrit K.. "The Bayesian approach to the combination of forecasts: some extensions into a skewed environment.." Trabajos de Estadística 2.2 (1987): 103-113. <http://eudml.org/doc/40505>.

@article{Janssens1987,

abstract = {Where a decision-maker has to rely on expert opinions a need for a normative model to combine these forecasts appears. This can be done using Bayes' formula and by making some assumptions on the prior distribution and the distribution of the expert assessments. We extend the case to skewed distributions of these assessments. By using an Edgeworth expansion of the density function including the skewness parameter, we are able to obtain the formula to combine the forecasts in a Bayesian way.},

author = {Janssens, Gerrit K.},

journal = {Trabajos de Estadística},

keywords = {Análisis bayesiano; Distribuciones asimétricas; Desarrollo de Edgeworth; Síntesis; combination of forecasts; forecasting; expert opinions; Bayes' formula; prior distribution; skewed distributions; Edgeworth expansion; skewness},

language = {eng},

number = {2},

pages = {103-113},

title = {The Bayesian approach to the combination of forecasts: some extensions into a skewed environment.},

url = {http://eudml.org/doc/40505},

volume = {2},

year = {1987},

}

TY - JOUR

AU - Janssens, Gerrit K.

TI - The Bayesian approach to the combination of forecasts: some extensions into a skewed environment.

JO - Trabajos de Estadística

PY - 1987

VL - 2

IS - 2

SP - 103

EP - 113

AB - Where a decision-maker has to rely on expert opinions a need for a normative model to combine these forecasts appears. This can be done using Bayes' formula and by making some assumptions on the prior distribution and the distribution of the expert assessments. We extend the case to skewed distributions of these assessments. By using an Edgeworth expansion of the density function including the skewness parameter, we are able to obtain the formula to combine the forecasts in a Bayesian way.

LA - eng

KW - Análisis bayesiano; Distribuciones asimétricas; Desarrollo de Edgeworth; Síntesis; combination of forecasts; forecasting; expert opinions; Bayes' formula; prior distribution; skewed distributions; Edgeworth expansion; skewness

UR - http://eudml.org/doc/40505

ER -

## NotesEmbed ?

topTo embed these notes on your page include the following JavaScript code on your page where you want the notes to appear.