Methods of the profoc package

This vignette explains the use of predict() and update(). These are the two most important functions when using profoc in production. The predict() method is used to combine new expert forecasts using the most recent combination weights. This is useful if we want to combine new expert forecasts with the most recent combination weights, but no new observations have been realized yet. At a later point in time, update() can be used to update the combination weights by evaluating the realized observations. We assume that you followed the vignette("Introduction") already, we will reuse the data and the model from there.