Article

Improving the Role of Judgment in Economic Forecasting

Paul Goodwin, Dilek Önkal and Michael Lawrence

in The Oxford Handbook of Economic Forecasting

Published in print July 2011 | ISBN: 9780195398649
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195398649.013.0007

Series: Oxford Handbooks

 Improving the Role of Judgment in Economic Forecasting

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This article first explores the variety of ways in which judgment plays a role in economic forecasting before outlining the potential problems associated with these applications of judgment. It then discusses the effectiveness of methods that have been designed to improve judgment in other areas of forecasting and assesses the extent to which these methods can be usefully employed by economic forecasters.

Keywords: economic forecasting; judgment; economic forecasters

Article.  12407 words. 

Subjects: Economics ; Econometric and Statistical Methods and Methodology: General

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