Accuracy Analysis of Consensus Forecasts
Bowers, William P., Jarrell, Stephen B., The Journal of Business Forecasting Methods & Systems
Many businesses both large and small rely on various forecasts of economic activity when making their own sales and financial projections. Companies that use or may be considering the Journal of Business Forecasting (JBF) as a basis for their projections, no doubt, will be interested in knowing the degree of accuracy inherent in past forecasts. Toward this end, the present analysis gauges the accuracy of past JBF predictions of selected "Consensus Forecast" variables: real GNP, CPI, and unemployment.
DATA
The forecasts to be evaluated occur in the Spring 1983 through Fall 1990 issues of the Journal of Business Forecasting, the available data set at the time of the …
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Publication information:
Article title: Accuracy Analysis of Consensus Forecasts.
Contributors: Bowers, William P. - Author, Jarrell, Stephen B. - Author.
Journal title: The Journal of Business Forecasting Methods & Systems.
Volume: 11.
Issue: 2
Publication date: Summer 1992.
Page number: 9+.
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