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| Author: | Gripaios, P. |
| Title: | The use and abuse of economic forecasts |
| Journal: | Management Decision
1994 : VOL. 32:6, p. 61-64 |
| Index terms: | ECONOMIC FORECASTING RISK MANAGEMENT STRATEGY |
| Language: | eng |
| Abstract: | Economic forecasting has become big business with over 40 institutions producing forecasts in the UK alone. Such forecasts are widely reported in the media and businesses typically subscribe to the output of at least one forecasting agency and use it for planning production and investment over future time periods. The value of forecasts is, however, questionable for actual outturns rarely coincide with predictions, particularly at those times when economic performance is deviating from the trend. |
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