ERIC Number: EJ1061628
Record Type: Journal
Publication Date: 2013-Apr
Abstractor: As Provided
Reference Count: N/A
Forecasting: Exercises to Enhance Learning from Business Simulations
Clark, Timothy S.; Kent, Brian M.
Decision Sciences Journal of Innovative Education, v11 n2 p159-164 Apr 2013
Forecasting the outputs of dynamic systems develops a richer understanding of relevant inputs and their interrelationships than merely observing them ex post. Academic business simulations foster students' development of this critical competency, but learning outcomes can be significantly augmented with relatively simple, complementary exercises in forecasting. We introduce an in-class forecasting exercise that is easily added to simulations or in any course where students gain from untangling the determinants of quantitative outcomes. The exercise also enhances opportunities for team-building and spirited competition. Implementation details, evidence of effectiveness, and implications are discussed.
Descriptors: Simulation, Learning Activities, Business Administration Education, Prediction, Competency Based Education, Statistical Analysis, Classroom Techniques, Program Implementation, Program Effectiveness, Case Method (Teaching Technique), College Students, Teaching Methods, Educational Practices, Student Improvement
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A