Journal Article

Forecast disagreement in the Survey of Professional Forecasters

Abstract: To enact effective policies and spend resources efficiently, firms, policymakers, and markets need accurate economic forecasts. But even though economists generally work with similar models and data, their projections often range widely. To better understand why, Keith Sill explores what the evidence and theories say about how forecasters form their views.

Keywords: Forecasting; Survey of Professional Forecasters (SPF);

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Business Review

Publication Date: 2014

Issue: Q2

Pages: 15-24