Providing support for decisions based on time series information under conditions of asymmetric loss

In an experiment decision-makers used time series information on the past demand for products to decide on production levels to meet the next period's demand. Either shortages cost more per unit than surpluses or the asymmetry of losses was in the opposite direction. The decision-makers were either: (i) unsupported, (ii) provided with statistical point forecasts of the next period's demand or (iii) asked to estimate probability distributions of...