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Information: What is the result to be forecast, how is it defined, when is it known, and to what
precision is it known? What range could the result cover, and what granularity of forecast is
material to the business? What level of granularity might participants be able to forecast? What
information is provided to participants in advance of the market, during the market, and after the
market? Where is the line between providing a baseline to improve inputs and providing an anchor
that might undermine accurate information? What types of analyses will the information produced by
the market enable, and which business decisions will be informed by that analysis?
Integration: Which business processes are related to the market? What is the timing of key
decisions or events that will inform the market or be informed by the market? Which other processes
attempt to forecast the same result, and should the market function independently or coordinate
with the other processes? Based on business cycles or other processes and workflow, when are
participants available or busy?
Inclusion: Who should participate in the market? How many participants are needed to achieve good
results? Should participants have local and specific views or more aggregate views? Should groups
that demonstrate bias in other forecasts participate, and would they bring the same biases to the
market? Can people across wide ranges of time zones participate together, and will participation
skew results? Might anyone outside the firm participate?
Interface: How will individuals interact with the market? Will the market be continuous or provide
snapshots? Is participation synchronous or asynchronous? What level of anonymity is provided? How
do traders convert their knowledge and preferences into data and, ultimately, collective forecasts?
Incentives: What will motivate participants to enter the market, and what will motivate strong
performance? How do incentives compare to salaries, awards, or other incentives within the
corporation? To what extent are strong performance and bragging rights incentives? Will management
support the incentives? Are systems available to pay the incentives out without undue cost? Will
those processes scale to large numbers of participants?
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