The process of economic forecasting is usually misunderstood and often maligned by the public at large …

to do something about it, and find a forecast process which produced results which actually aided insight and were … genuinely useful - in contrast to many forecast exercises which seem to be driven by political or `messaging' considerations and …

Forecasting approaches are used to predict future values of certain variables such as market demands, prices, supplies … estimate its value with some level of precision using a proper forecasting method …

"forecast," "prediction," "projections," and "prognosis" are interchangeable as commonly used. Forecasting is also concerned …The field of forecasting is concerned with making statements about matters that are currently unknown. The terms …

Forecasting procedures are needed only if there is uncertainty about the future. Forecasts are unnecessary when one can … control events. For example, predicting the temperature in your home does not require the use of forecasting procedures … because you can control it. A forecast that the sun will rise tomorrow is of little value. Many decisions, however, involve …