The index also
uses economic forecasts for 2030, the approximate time when children born next year will reach adulthood.
Instead, the Committee has been forced to
use the economic forecasts from the Bank of Canada, the International Monetary Fund (IMF) and Organization for Economic Cooperation and Development (OECD) as the backdrop for its reports.
Not exact matches
Haldane had previously said that
economic forecasting could be improved by
using more data, just as weather
forecasting has improved in the 30 years since the 1987 storm.
Using data from the Bureau of Labor Statistics, Kiplinger and
economic forecasting group EMSI analyzed 785 popular US jobs.
Hotel demand can be
forecast using several leading and coincident
economic indicators, including GDP growth, corporate profits, wage growth, employment growth in the leisure and hospitality sectors, and airline / vehicle miles.
NRF's holiday sales
forecast is based on an
economic model
using several indicators including, consumer credit, disposable personal income and previous monthly retail sales releases.
As we have argued before (Time to Make the Budget Planning Process More Accountable, Transparent and Prudent — November 2010 www.3dpolicy.ca), we would strongly recommend that you
use the Department of Finance's
economic forecast rather than average of private sector
forecasts, arguing that the Department's
economic forecasts provide the most accurate basis for budget
forecasting.
The
economic forecast he
uses for this Update should be based on the «realistic» assumption that the two critical assumptions will not be fulfilled.
Although PBO surveys private sector economists on a regular basis, the
economic forecasts used for their updates, since June 2011, are based on PBO's assessment of future
economic developments and not those of the private sector economists.
We strongly support these recommendations, although we would prefer that the Government
use the Department of Finance's internal
economic forecasts and publish the assumptions and methods
used to translate these into its fiscal
forecasts.
These include publishing: • Historical estimates and medium - term projections of the economy's potential GDP, as well as the methodology and assumptions
used; • Medium - term projections of the Government's structural, or cyclically - adjusted budget balance as well as the methodology and assumptions
used; • The assumptions, projections and methods to translate the private sector
economic forecasts into its fiscal
forecasts; and • The fiscal sustainability analyses of the provincial - territorial government sector that it prepared.
To do this I received permission from ECRI, an
economic forecasting service, to
use a set of recession dates they've created for 20 countries.
To estimate
economic impacts, the report
uses publicly available
economic data from announced pipeline projects, energy demand
forecasts, and announced retirements of nuclear generators.
Third, the specifications of their econometric models differ, thereby resulting in different results, even if they
used the same
economic forecasts and distributions.
There is no reason to have two agencies
use the same
economic forecasts to produce fiscal
forecasts.
The
use of the four private sector
forecasting organizations to prepare fiscal projections for the fall update was discontinued with the September 2009 Update of
Economic and Fiscal Projections.
The Bank of Canada
uses its own internal
economic forecasts for monetary policy purposes.
The Office of the Parliamentary Budget Officer (PBO) also
uses the average of the private sector
economic forecasts for their fiscal updates.
First, the each of the private sector organizations
used their own
forecasts of
economic growth rather than the average of the private sector
economic forecasts.
Budget 2013 continues to
use the average of the private sector
economic forecasts for budget planning purposes.
The Government has continued the practice, first adopted by the Liberals in 1996, of
using the average of the private sector
economic forecasts for budget and fall update planning purposes.
To improve transparency and accountability, it is time that the Department of Finance's
economic forecasts were
used for the Government's fiscal
forecasts.
We have strongly recommended in the past that the Government
use the Department of Finance's
economic forecast rather than the average of the private sector
economic forecasts (see «Time to Make the Budget Planning Process More Accountable, Transparent and Prudent» November 2010: www.3dpolicy.ca).
Instead of
using the average of the Department of Finance's survey of private sector
economic forecasts, the PBO has developed its own
economic forecast to derive its fiscal projections.
We have argued in the past [1] that the Minister of Finance should
use the Department of Finance's
economic forecast instead of the average private sector
forecast.
The average of the private sector
forecasts forms the basis for the
economic assumptions
used for fiscal planning purposes in the budget and fall update.
The federal government continues to
use the average private sector
economic forecast for budget purposes.
An average of private sector
economic forecasts for a number of selected
economic variables was
used for budget planning purposes rather than the Department of Finance's
economic forecast.
We have consistently argued that the Government should
use the Department of Finance's
economic projections for budget planning and not the average of the private sector
economic forecasts.
BlackBerry's ability to manage inventory and asset risk; BlackBerry's reliance on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to
use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges relating to the impairment of intangible assets recorded on BlackBerry's balance sheet; risks as a result of actions of activist shareholders; government regulation of wireless spectrum and radio frequencies; risks related to
economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in
forecasting BlackBerry's financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry, and the company's previously disclosed review of strategic alternatives.
As shown in Table 1, the
economic forecast is changed very little from that
used in the October 2010 Update.
Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward - looking statements, including, without limitation: BlackBerry's ability to enhance its current products and services, or develop new products and services in a timely manner or at competitive prices, including risks related to new product introductions; risks related to BlackBerry's ability to mitigate the impact of the anticipated decline in BlackBerry's infrastructure access fees on its consolidated revenue by developing an integrated services and software offering; intense competition, rapid change and significant strategic alliances within BlackBerry's industry; BlackBerry's reliance on carrier partners and distributors; risks associated with BlackBerry's foreign operations, including risks related to recent political and
economic developments in Venezuela and the impact of foreign currency restrictions; risks relating to network disruptions and other business interruptions, including costs, potential liabilities, lost revenues and reputational damage associated with service interruptions; risks related to BlackBerry's ability to implement and to realize the anticipated benefits of its CORE program; BlackBerry's ability to maintain or increase its cash balance; security risks; BlackBerry's ability to attract and retain key personnel; risks related to intellectual property rights; BlackBerry's ability to expand and manage BlackBerry ® World ™; risks related to the collection, storage, transmission,
use and disclosure of confidential and personal information; BlackBerry's ability to manage inventory and asset risk; BlackBerry's reliance on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to
use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges relating to the impairment of intangible assets recorded on BlackBerry's balance sheet; risks as a result of actions of activist shareholders; government regulation of wireless spectrum and radio frequencies; risks related to
economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in
forecasting BlackBerry's financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry.
Businesses and organizations across many industries
use economic analysis and quantitative methods to analyze and
forecast business, sales, and other
economic trends.
What I found was a way to
use Bayesian Probability Analysis to
forecast the likelihood of bear markets and
economic recessions.
We continue to argue that the Minister of Finance should
use the Department of Finance's
economic forecast instead of the average private sector
forecast.
Finally, the Government continues to remain silent on the
use of the Contingency Reserve, in the event it is not required to offset some or all of the impact adverse
economic developments or errors in translating the
economic forecast into a budget
forecast.
As a result, detailed analysis of the monthly results following about six months of data as published in the Fiscal Monitor, are
used to update the fiscal projections during the year, rather than basing adjustments solely on changes to the
economic forecast.
The Department of Finance's detailed
economic forecasts should be
used to prepare the fiscal
forecasts, rather than
using the average of private sector
forecasts for a selected number of major aggregate.
Instead, the government at that time decided to
use the average of private sector
economic forecasts rather than those produced by the Department of Finance even though E&Y had concluded that the Department's
economic forecasts were consistently better than those in the private sector.
The Bank of Canada
uses its own internal
economic forecasts for monetary policypurposes.
It could only be
used to offset errors in the
economic forecast and / or to offset any errors in translating the
economic forecast to the fiscal
forecast.
He met with the private sector economists to discuss the
economic forecasts to be
used for the upcoming budget on January 13th.
This makes sense if we are to continue to
use the private sector
economic forecasts for the fall Update and the Budget.
Then finally — as I say, I'm probably leaving something out — there was the decision, which wound up a presidential decision because the people under him were disagreeing, to
use the CBO macroeconomic
forecast, even after we had done all this work to do our own
economic forecast, for one reason: it was more pessimistic than ours, and would therefore make the budget deficit reduction job harder rather than easier.
Alex Heil, chief economist for the Port Authority of New York and New Jersey, joined the podcast to discuss his
economic forecasts for the Port Authority region; key trends around
use
A company called Orbital Insight in Palo Alto, California, made headlines a few months earlier for
using high - resolution satellite imagery to do real - time
economic forecasting.
In a long piece, Princeton University economist and New York Times columnist Paul Krugman says
economic forecasting models
used to analyze proposed energy policies are insufficient for the task:
The new numbers will be
used in models created by economists, environmentalists, and governments who
use population estimates to predict pollution and global warming levels; prepare for epidemics; determine road, school, and other infrastructure requirements; and
forecast worldwide
economic trends.
December 8, 2017 India's steel industry, like America's, is dominated by electric - based processes November 20, 2017 Link between growth in
economic activity and electricity
use is changing around the world November 16, 2017 Growth in global energy - related carbon dioxide emissions expected to slow November 8, 2017 EIA
forecasts growth in world nuclear electricity capacity, led by non-OECD countries October 25, 2017 China leads the growth in projected global natural gas consumption October 10, 2017 Buildings energy consumption in India is expected to increase faster than in other regions October 4, 2017 Global gas - to - liquids growth is dominated by two projects in South Africa and Uzbekistan September 27, 2017 Chinese coal - fired electricity generation expected to flatten as mix shifts to renewables September 19, 2017 Beyond China and India, energy consumption in non-OECD Asia continues to grow September 14, 2017 EIA projects 28 % increase in world energy
use by 2040
In addition to these primary stakeholders, there are analytical
uses of school information including
economic and employment
forecasts, estimating transit needs, and, sadly, predicting prison populations.