M6 Competition, ‘Future of Forecasting’ summit held with success

The Makridakis Open Forecasting Center (MOFC) at the University of Nicosia’s Institute for the Future (IFF) announces the successful conclusion of both the M6 Financial Forecasting Competition and the “Future of Forecasting and the M6 Competition” Conference.

Conducted from February 2022 to February 2023, this year’s competition marked the sixth edition of the renowned Makridakis (or M) Competitions that have been held since the 1980s, aiming to identify optimal methods for forecasting financial prices, and explore the correlation between forecast accuracy and investment returns in the stock and ETF markets.

Led by Professor Spyros Makridakis, the M6 Competition provided a valuable platform for forecasting experts, researchers, and practitioners to showcase their skills, exchange knowledge and techniques, and compete for the USD 300,000 in prize money generously provided by the M6 sponsors.

The competition’s success highlights the critical role of accurate…