|
 Prediction Markets
are
generally applied to assess the
probability of a future event. They
can be used as an early warning
system to give managers a sense of
what their employees know or do not
know. Such information can be
effective
basis for continuous course
corrections to keep your
organization responsive to changing
conditions and ahead of the curve
with your business strategies.
Common applications of Prediction
Markets include accurate projections on
potential products, pricing, sales
strategies, and project management.
Prediction Markets have been
utilized to forecast future future events,
including election
results, formation of political party coalitions,
realistic outcomes of negotiations and competitions.
Governments
have applied prediction markets to
assess various aspects of policy
development with respect to implementation
and popularity, as well as security
related issues including terrorism
or the of spread of diseases.
The column to
the right lists a few examples of
how well known organizations take
advantage of Prediction Markets to
maximize their efficiency. Advisors
at Texopus Predictions work the with
clients to develop the most effective
application for their organization.
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Hewlitt
Packard
and Arcelor
use
PM
to
forecast
quarterly
sales.