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Economic Forecasts and Their Assessment*

I. J. Macfarlane and John Hawkins

The Economic Record, 1983, vol. 59, issue 4, 321-331

Abstract: This paper looks at the accuracy of economic forecasts in general and by examining a subset of 12 Australian, forecasters over a five‐year period. It also address the question of whether it is possible to rank forecasters in order of merit. The paper concludes that the problem are sufficiently large for it to be highly unlikely that a meaningful and stable ranking could be obtained.

Date: 1983
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https://doi.org/10.1111/j.1475-4932.1983.tb00822.x

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