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The Ten Commandments of Economic Forecasting

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  • Azhar Iqbal
  • John Silvia

Abstract

In this ever-evolving world, we need accurate forecasts of key economic and financial variables to help decision makers design effective policies. Azhar Iqbal and John Silvia present a framework of "ten commandments" to govern the economic-forecasting process. They begin with the need to know the forecasting objective and loss function and end with the monitoring of forecast performance and refinements to the original model. Copyright International Institute of Forecasters, 2019

Suggested Citation

  • Azhar Iqbal & John Silvia, 2019. "The Ten Commandments of Economic Forecasting," Foresight: The International Journal of Applied Forecasting, International Institute of Forecasters, issue 53, pages 19-25, Spring.
    • Handle: RePEc:for:ijafaa:y:2019:i:53:p:19-25
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