Economic Forecasting

'An excellent entree to the world of economic forecasting. A 'grand tour' of the main techniques in the modern armoury, and of the high art (and science) of choosing, adapting and applying the right one - across the range of economic fields.' Dr. Vince FitzGerald, Allen Consulting Can economists tell us what the future holds? All economic decisions require a view of the future. Individual decisions on occupation and property acquisition can determine lifetime incomes. Corporate decisions on new products and company acquisitions have major effects on company profitability. In financial markets, billions of dollars are exchanged daily on the basis of expected interest rates and exchange rates. This book provides an in-depth look at the impressive range of forecasting techniques available to economists. It demonstrates how some of these techniques can be used, with an emphasis on current models and practical applications. These applications include forecasts of the world economy, the macroeconomic performance and structure of the Australian economy, interest and exchange rates, share prices, commodity prices, commercial property rents, and turning points i