Kranendonk, Henk; Lanser, Debby; Franses, P.H. - Centraal Planbureau (CPB), Government of the Netherlands - 2007
Official forecasts of international institutions are never purely model-based. Preliminary results of models are adjusted with expert opinions.
What is the impact of these adjustments for the forecasts? Are they necessary to get 'optimal' forecasts? When model-based forecasts are adjusted by...