- Economic Forecasting
- The process of attempting to predict the future condition of the economy. This involves the use of statistical models utilizing variables sometimes called indicators. Some of the most well-known economic indicators include inflation and interest rates, GDP growth/decline, retail sales and unemployment rates.
While economic forecasting is not an exact science, it remains an important decision-making tool for businesses and governments as they formulate financial policy and strategy.
Investment dictionary. Academic. 2012.
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Father of Modern Economic Forecasting — Trygve Haavelmo … Eponyms, nicknames, and geographical games
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