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When a forecasting technique is selected, economists and statisticians would like to evaluate the technique for its ability to forecast accurately. No...
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Each year since 1994, the staff has developed financial assumptions as an initial phase of the program planning process. In order to facilitate the pr...
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When members of Old Dominion University's Economic Forecasting Project gave their annual forecast last January, they hit the mark on several counts.
Economist Vinod Agar-wal predicted that real estate would be under pressure and home prices would flatten or fall. His colleague Gil Yochum said there would be a recession if oil went through $100 a barrel.
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Predicting the future has always fascinated humans, and economic forecasting doubles the interest by adding a chance to turn a profit. One popular forecasting tool -- the yield curve -- has made headlines lately because it may be predicting a recession. The yield curve simply plots the yield on the bond against its time to maturity. Yield curve predictions about future growth come in two general flavors. The most straightforward, and, arguably, robust way to use the yield curve is to use the statistical relationship between its slope and future economic growth, and then look where the current yield curve is pointing. Despite the evidence linking the yield curve to economic growth, and even though yield-curve inversions preceded the two most recent recessions, many have suggested that th...
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Maine is likely to follow the nation into a recession this year, with the loss of up to 3,000 jobs, economist Charles Colgan said Wednesday.
Colgan said a national recession is more likely than he thought just a couple of weeks ago, when he put the odds of an economic decline at 50-50.
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BALTIMORE -- With Western economies awash in debt, recession and political turmoil, American investors are actively seeking investment alternatives in...
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Latin America is expected to see real GDP growth of 3.9 percent this year after an estimated 4.6 percent in 2011, Kathryn Roo...
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For members of the Hampton Roads Planning District Commission, the upbeat conclusions were hard to miss.
They saw how home building, spurred by low interest rates, will remain strong in the region in 2004. So will sales of new cars. They also heard how the low jobless rate will fall even further as local employers step up their hiring.
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OSU to release 2011 state economic outlook
The Oklahoma State University Spears School of Business Center for Applied Economic Research will present the 2011 Oklahoma Economic Outlook report at its annual economic forecasting conference.
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The economy can't be predicted.
The longer I live, the more I believe that's true. Running the Derby of Economic Forecasting Talent (DEFT for short) reinforces my conviction.