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SAS-IIF Forecasting Research Grants

Grants to USA, Canada, and International Researchers
to Improve Business Forecasting Methods

Agency Type:

Foundation / Corporation

Funding Source:

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International Institute of Forecasters (IIF) and SAS®

Deadline Date:

09/29/18

Description:

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Grants of $5,000 to USA, Canada, and International researchers for projects to improve business forecasting methods and business forecasting practice, including the organizational management aspects of the forecasting process. Funding will support projects within the methodology and practice/management categories.

Forecasting research has seen major changes in the theoretical ideas underpinning forecasting effectiveness over the last 30 years. However, there has been less impact on forecasting practice. IIF aim to put this right. For the fifteenth year, the IIF, in collaboration with SAS, is proud to announce financial support for research on how to improve forecasting methods, and business forecasting practice, including organizational aspects of management of the forecasting process.

Consideration will be given to new researchers, and whether supplementary funding is likely to be gained. It is also expected that the research supported by the SAS/IIF grant be presented in an International Symposium on Forecasting (ISF) organized by the IIF.

Grant recipients are also required to author a paper reporting on their research for possible publication in the International Journal of Forecasting (IJF). Therefore it is useful to keep in mind the IJF scope.

Funding details:

-These grants will be for targeted research that aims to improve the state of the art in forecasting methods and business forecasting applications. A committee appointed by the IIF will designate research objectives, solicit proposals, award the grants, and oversee completion of sponsored research.

-The "methodology grant" will be directed to studies that assess the value of new or untested forecasting methods or principles. The "application grant" will be directed to studies on the application of forecasting principles to business decision processes and the management of the forecasting function. The grant committee will select research proposals to fill identified gaps in current knowledge so as to advance these two purposes: to enable better forecasts and to enable better use of forecasting by business organizations. Should there be a lack of suitable proposal in one of the areas, two grants could be made in a single area.

-Grant recipients will author a paper reporting on their research and will be invited to submit the paper for potential publication in the IJF. The IJF will provide peer review with the intention of improving the paper and authors would be expected to provide reasonable responses to the reviews. The papers should be identified as being the result of a SAS Forecasting Research Grant. In addition to reporting the research, the papers will be accompanied by a note explaining the objective for which the grant was made and how the research results advanced that objective. The editor or a member of the grant committee would write a preface to the paper evaluating the contribution of the research toward the objective for which the committee sponsored it. This provision should advance the goal of encouraging journals to publish "useful" work.

-It is expected that the applications should include a clear statement of the project’s aims, together with an outline of how they are to be achieved. It should also contain a budget that may include a request for financial support to attend and present the paper in the International Symposium on Forecasting (ISF) to be held in 2017. To be consistent with the objectives of the IIF, the application should propose a scientific approach based on real data. This should normally include a comparison with other standard forecasting methods on withheld data. For prediction validations see, for instance, Makridakis, S., Wheelwright, S. C. and Hyndman, R. J. (1998), Forecasting: methods and applications, 3rd edition, John Wiley and Sons, or Diebold, F. X. (2007), Elements of Forecasting, 4th edition, Thomson South-Western.

GrantWatch ID#:

GrantWatch ID#: 159833

Estimated Total Program Funding:

$10,000

Number of Grants:

2

Estimated Size of Grant:

$5,000

Additional Eligibility Criteria:

Applications are accepted from applicants worldwide. There are no geographic restrictions.

Pre-Application Information:

Applications should be submitted to the IIF Office by September 29, 2018.

The applications will be assessed through a committee appointed by the IIF directors. The results of the evaluation will be announced to the applicants within 12 weeks of the closing date.

The awards of the SAS Forecasting Research Grants will be announced at the ISF general session and on the IIF website. This will advertise the program, call attention to the work of the recipients, and recognize SAS as the sponsor. SAS will also make announcements relative to these papers.

Payment of the full grant will normally only be made on receipt of a draft paper describing the research and against receipted expenditure. This final report must be submitted within two years of the date from which the grant has been awarded. If the final report is not submitted within the first year of being awarded, the recipient must provide a progress report, indicating status and completion expectations.

More information about the scope of the International Journal of Forecasting (IJF) may be found here:
https://forecasters.org/ijf/ijf-scope/

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Pamela Stroud, Business Director
pamstroud@forecasters.org

URL for Full Text (RFP):

Geographic Focus:

USA: Alabama;   Alaska;   Arizona;   Arkansas;   California;   Colorado;   Connecticut;   Delaware;   Florida;   Georgia;   Hawaii;   Idaho;   Illinois;   Indiana;   Iowa;   Kansas;   Kentucky;   Louisiana;   Maine;   Maryland;   Massachusetts;   Michigan;   Minnesota;   Mississippi;   Missouri;   Montana;   Nebraska;   Nevada;   New Hampshire;   New Jersey;   New Mexico;   New York City;   New York;   North Carolina;   North Dakota;   Ohio;   Oklahoma;   Oregon;   Pennsylvania;   Rhode Island;   South Carolina;   South Dakota;   Tennessee;   Texas;   Utah;   Vermont;   Virginia;   Washington, DC;   Washington;   West Virginia;   Wisconsin;   Wyoming

USA Territories: American Samoa (USA)   Guam (USA)   Puerto Rico (USA)   Virgin Islands (USA)   Northern Mariana Islands (USA)

USA Compact Free Associations: The Federated States of Micronesia (USA)   Marshall Islands (USA)   Republic of Palau (USA)

Canada: Alberta   British Columbia   Manitoba   New Brunswick   Newfoundland and Labrador   Northwest Territories   Nova Scotia   Nunavut   Ontario   Prince Edward Island   Quebec   Saskatchewan   Yukon

Israel

International country outside of the USA, Israel and Canada.