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How Well Does the National Institute Forecast ?

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  • Anonymous

Abstract

This article aims to assess the forecasts of the National Institute of Economic and Social Research with an emphasis upon their usefulness for arriving at policy recommendations. The forecasts that have been selected for consideration are those prepared in January or February over the period from 1959 to 1967. These are pre-budget forecasts, and are based on the assumption of no change in policy. They constitute a reasonably homogeneous group in that each forecast provides a prospective rate of change for GDP, in real terms, and its main constituents, from the final quarter of the previous year to the final quarter of the new year.

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  • Anonymous, 1969. "How Well Does the National Institute Forecast ?," National Institute Economic Review, National Institute of Economic and Social Research, vol. 50, pages 40-52, November.
    • Handle: RePEc:cup:nierev:v:50:y:1969:i::p:40-52_5
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