The Ten Commandments of Economic Forecasting

Azhar Iqbal and John Silvia

Foresight: The International Journal of Applied Forecasting, 2019, issue 53, 19-25

Abstract: In this ever-evolving world, we need accurate forecasts of key economic and financial variables to help decision makers design effective policies. Azhar Iqbal and John Silvia present a framework of "ten commandments" to govern the economic-forecasting process. They begin with the need to know the forecasting objective and loss function and end with the monitoring of forecast performance and refinements to the original model. Copyright International Institute of Forecasters, 2019

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:for:ijafaa:y:2019:i:53:p:19-25

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