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"forecast," "prediction," "projections," and "prognosis" are interchangeable as commonly used. Forecasting is also concerned …
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and autocorrelation of error. The marginal forecast errors tend to increase, and the correlations between predictions and …
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lagged consensus forecast about the period being forecast. We find that all three biases are present in the Survey of … forecast to form expectations is a reasonable thing to do if a forecaster is not able to come up with fully rational …
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increase markedly. DIW Berlin calculates that global produc- tion will shrink by 4.0 percent in 2020. During the forecast …
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