Improving the Role of Judgment in Economic Forecasting

Paul Goodwin*, Dilek Önkal, Michael Lawrence

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

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.

Original languageEnglish
Title of host publicationThe Oxford Handbook of Economic Forecasting
PublisherOxford University Press
Pages163-192
ISBN (Electronic)9780199940325
ISBN (Print)9780195398649
DOIs
Publication statusPublished - Jul 2011
Externally publishedYes

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