Analysis of the Expected Value of Including Uncertainty

An analysis of the expected value of including uncertainty, comparing newsvendor models (NV) with point forecasts (PF). The dataset was authored by David Winkelmann and is available on figshare as an XLS file. It was last updated on April 9, 2026.

Use Cases

• Compare forecast performance based on the inclusion of uncertainty
• Evaluate inventory decision models using the newsvendor framework
• Analyze the economic value of probabilistic forecasts versus point forecasts

Strengths

• Dataset is openly licensed under CC-BY-4.0
• File size is 5.5 KB, indicating a concise and focused analysis

Limitations

• Row count is unknown, which may limit suitability assessment
• Column-level documentation is absent; field semantics must be inferred after download
• Description metadata is limited; actual data quality requires manual inspection after download

Provenance

Source

David Winkelmann

Freshness

Last updated 2026-04-09 17:40:25; freshness should be verified