Understanding Economic Forecasts

Rating:
Summary: Dry but informative
Review: This collection of essays addresses economic forecasting.
As a non-professional I found it somewhat informative but it suffered from being rather dry. It addressed forecasting from a theoretical point of view but didn't do enough to enliven a subject. There's not enough here to really show the reader how forecasting is really done and how it can be usefully employed. There is also little guidance for the lay person in how to regard forecasts, either as useless guesses to fill newspaper column inches or the time between commercial breaks on CNBC or as useful predictions on the future.

Rating:
Summary: Dry but informative
Review: This collection of essays addresses economic forecasting.
As a non-professional I found it somewhat informative but it suffered from being rather dry. It addressed forecasting from a theoretical point of view but didn't do enough to enliven a subject. There's not enough here to really show the reader how forecasting is really done and how it can be usefully employed. There is also little guidance for the lay person in how to regard forecasts, either as useless guesses to fill newspaper column inches or the time between commercial breaks on CNBC or as useful predictions on the future.