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“Been There, Done That”: Perils, Pitfalls, and Promises of Long-Term Projections

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Author Info
Ira Sohn
Abstract

Twenty-five years ago, a team led by Nobel laureate Wassily Leontief applied the United Nations World Input-Output Model to make forecasts of world fuel and mineral resources for the year 2000 and beyond. Ira Sohn, a member of that team, reflects on his experience with this long-term forecasting endeavor. Noting that long-term forecasting is fraught with uncertainties, Ira analyzes the sources of the forecasting errors made and suggests ways to improve long-term modeling. Copyright International Institute of Forecasters, 2008

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Article provided by International Institute of Forecasters in its journal Foresight: The International Journal of Applied Forecasting.

Volume (Year): (2008)
Issue (Month): 9 (Spring)
Pages: 43-48
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Handle: RePEc:for:ijafaa:y:2008:i:9:p:43-48

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