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.
|Title of host publication
|The Oxford Handbook of Economic Forecasting
|Oxford University Press
|Published - Jul 2011