The value of feedback in forecasting competitions

George Athanasopoulos, Rob J Hyndman
(2011) International Journal of Forecasting 27(3), 845-849

DOI  pdf

In this paper we challenge the traditional design used for forecasting competitions. We implement an online competition with a public leaderboard that provides instant feedback to competitors who are allowed to revise and resubmit forecasts. The results show that feedback significantly improves forecasting accuracy.