Forecast Disagreement in the Survey of Professional Forecasters

May 25th, 2014
in econ_news

by Philadelphia Fed

Many people engaged in activities related to business, financial markets, and policymaking closely follow economic forecasts. Our interest in forecasts stems from the fact that, to an important degree, the decisions we make today are influenced by our expectations about the economy. Accurate forecasts lead to better decision-making and more efficient use of economic resources, and so there is a clear benefit to identifying good forecasts.

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