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Looking forward: on the uses of forecasting in market formation

Author

Listed:
  • Sine N. Just
  • Nico Mouton
  • Jonas Gabrielsen

Abstract

Forecasts are central to processes of market formation; they partake in the performativity of markets by visualising market developments and directing market actors' gaze towards these developments. Thus, forecasting is a certain way of looking that may be said to bring into being what it sees - market formation in the future tense, so to speak. In this paper, we seek to substantiate this claim by exploring four functions of forecasting: creating the future, avoiding the past, making (the) present, and casting forecasters. The exploration is conceptually guided, but finds an empirical focal point in the case of the Danish real estate market.

Suggested Citation

  • Sine N. Just & Nico Mouton & Jonas Gabrielsen, 2013. "Looking forward: on the uses of forecasting in market formation," International Journal of Management Concepts and Philosophy, Inderscience Enterprises Ltd, vol. 7(3/4), pages 224-244.
  • Handle: RePEc:ids:ijmcph:v:7:y:2013:i:3/4:p:224-244
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