April 25, 2018
Economic forecasting can frequently be inaccurate because of changing numbers and human bias or, as Yogi Berra reputedly said, "It's tough to make predictions, especially about the future."
Economic forecasting can frequently be inaccurate because of changing numbers and human bias or, as Yogi Berra reputedly said, "It's tough to make predictions, especially about the future."
Economists become somewhat similar to weather men and women when their GDP monitor is a nowcast that forecasts the present.
Mashed Potatoes could be a good way to decide the direction of consumer spending. Where are we going? To consumer spending indices. The Mashed Potato Index (MPI) […]
Unpredictable human behavior for Colorado marijuana sales is but one example of why economic forecasting for tax revenue and GDP is inaccurate.