Regional econometric forecasting accuracy assessment has traditionally received less attention than its macroeconometric counterpart. While evidence is available that state and local employment forecasts perform well relative to standard benchmarks, little is known about the historical...

This article provides a systematic review of regional employment forecasts in Florida and 19 metropolitan statistical areas. One-quarter- ahead to ten-quarter-ahead forecasts are analyzed for a seven-year period that includes a complete business cycle. Structural econometric model forecasts are...