Search for: [Abstrakt = "Using combination of forecasts results from the underlying belief that there is no such a single model that could comprise the whole actual and often complex economic process. The aim of this paper is an attempt to look at combining forecasts as a multi\-criteria decision\-making process. It is a multi\-criteria process as we need to select\: \(a\) individual component forecasts \(quantity, quality, type\), \(b\) values of their weights \(objective determination of weights or their arbitrary choice\), \(c\) a mathematical representation of combination and \(d\) a measure to assess the quality of a combined forecast. In the paper we provide an overview of methods applied for combining forecasts and show the results of our study of a combined forecast for inflation in Poland. The analysis indicates that combining forecasts is fully justified, especially if weights for individual forecasts are determined on the basis of multi\-criteria optimization. The results also show that combining forecasts is useful even if a dominant individual forecast exists."]
