What Do We Know About G-7 Macro Forecasts?

Herman Stekler

No 2008-009, Working Papers from The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting

Abstract: Fildes and Stekler’s (2002) survey of the state of knowledge about the quality of economic forecasts focused primarily on US and UK data. This paper will draw on some of their findings but it will not examine any additional US forecasts. The purpose is to determine whether their results are robust by examining the predictions of other countries. The focus will be on (1) directional errors, (2) the magnitude of the errors made in estimating growth and inflation, (3) whether there were biases and systematic errors, (4) the sources of the errors and (5) whether there has been an improvement in forecasting ability.

Keywords: G7 forecasts; evaluation techniques (search for similar items in EconPapers)
JEL-codes: E37 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2008-08
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:gwc:wpaper:2008-009

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