Energy forecasts are widely used by the U.S. government, politicians, think tanks,and utility companies. While short …-term forecasts were reasonably accurate, medium andlong-range forecasts have almost always been highly erroneous. In the U.S. many … energypolicy decisions are driven by Annual Energy Outlook (AEO) forecasts prepared byEnergy Information Association (EIA). This …

The study analyses the characteristics of professional exchange rate forecasts for the € /US-$ rate. The results … indicate that the quality of forecasts produced by professional economists is rather poor and incompatible with the rational … expectations hypothesis. This dismal result is according to our analysis attributed to the fact that professional forecasts are to …