The Year in Review: Rating the Consensus and Bureau 1991 Forecasts

Gnuschke, John, Alvarado, Lew, Business Perspectives

As part of its public service function, the Bureau of Business and Economic Research (BBER) at Memphis State University compiles, analyzes, and disseminates a wide variety of economic information at the national, state, and local levels. Normally, its basic task is to follow and report on economic trends in as timely a fashion as the current data allow. However, once a year the Bureau stops to reflect on those trends and provide a forecast of likely trends during the upcoming year.

The Memphis community has access to a large selection of macroeconomic forecasting services that generally require a subscription fee. Moreover, many other forecast of economic trends are readily available in newspapers, business magazines, and economic journals. The Bureau's main objective is to sort through these forecasts and determine a consensus forecast for the upcoming year. Then, as a counterpoint, the Bureau seeks to provide an alternative assessment or confirmation of the consensus forecast. In …

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Publication information: Article title: The Year in Review: Rating the Consensus and Bureau 1991 Forecasts. Contributors: Gnuschke, John - Author, Alvarado, Lew - Author. Magazine title: Business Perspectives. Volume: 5. Issue: 2 Publication date: Winter 1991. Page number: 5+. © 1999 University of Memphis. COPYRIGHT 1991 Gale Group.

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