Forecasting Manufacturing Investment—Some Preliminary Results

Bob Nobay

National Institute Economic Review, 1970, vol. 52, 58-66

Abstract: This article reports on some results obtained in the course of developing equations to explain, and predict, the behaviour of private manufacturing investment.Apart from their analytical value, the estimation of formal relationships explaining investment provides a useful supplement for forecasting purposes to the information given by investment intentions surveys such as those carried out by the Board of Trade or the Confederation of British Industry; and for purposes of exploring variants of the main forecast, some formal investment relationships are of course indispensable.

Date: 1970
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