Macroeconomic Forecasting

Paper Summary:

This paper discusses macroeconomic forecasting and how and where to look for appropriate resources for research. The paper goes on to review the discussion surrounding the issue of junk science and its effect on published research. The need for accurate data and analysis is great, as without which research is unfounded and attributable to increased junk science (i.e. baby formula in the 1970's). "

From the Paper:

"a. What are the economic indicators for which you will be providing forecasts? The economic indicators that will be used include income, interest rates, housing starts, and the condition of the real estate market (i.e. buyer or seller market). b. What sources will you use to obtain these forecasts? When conducting research and analysis, it is important to always consider the accuracy of the data being collected. The sources used to obtain forecasts of economic indicators must be reputable and reliable sources, otherwise risk the legitimacy of the research."

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