For fiscal planning purposes, the private sector average forecast has been reduced by a «risk adjustment factor» to help offset possible errors in the economic forecasts on the fiscal projections. (3dpolicy.ca)
This below - average forecast assumes a steady 2 % annual compression in multiples. (blackrockblog.com)
We're looking at a pretty average forecast ahead of us as well, unusual for this time of year, but you never know. (baliwaves.com)