Survey Of Professional Forecasters
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Survey Of Professional Forecasters
The Survey of Professional Forecasters (SPF) is a quarterly survey of macroeconomic forecasts for the economy of the United States issued by the Federal Reserve Bank of Philadelphia. It is the oldest such survey in the United States. The survey includes an "anxious index" that estimates the probability of a decline in real GDP. History The survey began in 1968 and was conducted by the American Statistical Association (ASA) and the National Bureau of Economic Research (NBER). The Federal Reserve Bank of Philadelphia took over the survey in 1990. In its early days (prior to the takeover by the Federal Reserve Bank of Philadelphia) the survey was often referred to in the academic literature as the ASA-NBER survey. In May 2008, it was announced that SPF would be adding an industry classification variable for its survey respondents, so that researchers could more easily determine how people's forecasts related to the industry they were from. Variables The Survey of Professional For ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Livingston Survey
The Livingston Survey is a biannual survey (conducted in June and December of every year) about the economy of the United States conducted by the Federal Reserve Bank of Philadelphia. Begun in 1946, it is the longest continuous record of economists' expectations. History Joseph Livingston, then the financial editor for ''The Philadelphia Record'', created the survey in 1946. His detailed questionnaire asked approximately 50 economists around the United States to forecast various economic performance metrics for the next six months, year, and two years. Livingston administered the survey semiannually until his death in 1989, making it the longest continuous record of economists' expectations. In 1978, the Federal Reserve Bank of Philadelphia digitized Livingston's historical data and made it available to researchers. The bank continued administering the survey after his death. A 1997 paper by Dean Croushure of the Federal Reserve Bank of Philadelphia described the history of the su ...
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Consensus Economics
Consensus Economics is a global macroeconomic survey firm that polls more than 700 economists monthly for their forecasts for over 2000 macroeconomic indicators in 115 countries. The company is headquartered in London, United Kingdom. History Consensus Economics undertook its first survey in October 1989 and has completed monthly (and now daily) surveys without interruption since that time. Forecasts Consensus Economics publishes Consensus Forecasts, a widely cited monthly compilation of macroeconomic forecasts and topical analyses by country for 115 economies. The countries covered include member countries of the G-7 industrialized nations, Asia Pacific, Eastern Europe, and Latin America. It also has more specialized publications such as the Foreign Exchange forecasts and Energy & Metals Consensus Forecasts. Each publication is distributed in hard-copy format and via email as PDF files and Excel spreadsheets. Once a year the company releases The Consensus Forecasts Global Ou ...
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Western Blue Chip Economic Forecast
The Western Blue Chip Economic Forecast is a consensus forecast prepared by the W. P. Carey School of Business at Arizona State University for the economies of the states in the Western United States. History The forecasts have been published monthly starting January 2001, and the full archive of past forecasts is available for free from the website. In March 2005, the Business Forecasting Center at the University of the Pacific joined the panel for the Western Blue Chip Economic Forecast. Details States The Western Blue Chip Economic Forecast includes forecasts on the following states in the Western United States: Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Variables The forecasts are published monthly and include estimates for the year-on-year percentage changes in the following variables for each state: * Personal income in current dollars * Wages and salary employment * Population (i.e., it measures p ...
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Blue Chip Economic Indicators
Blue Chip Economic Indicators is a monthly survey and associated publication by Wolters Kluwer collecting macroeconomic forecasts related to the economy of the United States. The survey polls America's top business economists, collecting their forecasts of U.S. economic growth, inflation, interest rates, and a host of other critical indicators of future business activity. It has a sister publication called Blue Chip Financial Forecasts, which surveys forecasts of the future direction and level of U.S. interest rates. History Blue Chip Economic Indicators and Blue Chip Financial Forecasts started in 1976. Variables reported The Blue Chip Economic Indicators survey provides forecasts for this year and next from each panel member, plus and average, or consensus, of their forecasts for each of these variables associated with the economy of the United States: * Real GDP * GDP price index * Nominal GDP * Consumer price index * Industrial production * Real disposable personal income ...
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ECB Survey Of Professional Forecasters
The ECB Survey of Professional Forecasters, simply called the Survey of Professional Forecasters (SPF), is a quarterly survey of macroeconomic forecasts for the economy of Europe issued by the European Central Bank (ECB). History The ECB Survey of Professional Forecasters was started in 1999. In 2007, the ECB published a review of the survey based on eight years of experience. Reception Academic research The ECB Survey of Professional Forecasters has been the subject of some academic research, including a 2013 paper considering whether there was a better way of combining the forecasts than simply taking the average. They found some methods of combining that did better than the average, but noted that it was not clear that these methods would continue to beat the average in the future. See also * Survey of Professional Forecasters, a similar survey in the United States conducted by the Federal Reserve Bank of Philadelphia. * Blue Chip Economic Indicators Blue Chip Economic ...
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Microsoft Excel
Microsoft Excel is a spreadsheet developed by Microsoft for Microsoft Windows, Windows, macOS, Android (operating system), Android and iOS. It features calculation or computation capabilities, graphing tools, pivot tables, and a macro (computer science), macro programming language called Visual Basic for Applications (VBA). Excel forms part of the Microsoft Office suite of software. Features Basic operation Microsoft Excel has the basic features of all spreadsheets, using a grid of ''cells'' arranged in numbered ''rows'' and letter-named ''columns'' to organize data manipulations like arithmetic operations. It has a battery of supplied functions to answer statistical, engineering, and financial needs. In addition, it can display data as line graphs, histograms and charts, and with a very limited three-dimensional graphical display. It allows sectioning of data to view its dependencies on various factors for different perspectives (using ''pivot tables'' and the ''sce ...
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Greenbook
The Greenbook of the Federal Reserve Board of Governors (called the Greenbook for short) is a book with projections of various economic indicators for the economy of the United States produced by the Federal Reserve Board before each meeting of the Federal Open Market Committee. The projections are referred to as Greenbook projections or Greenbook forecasts. Many of the variables projected coincide with variables covered in the Survey of Professional Forecasters. Details Prior to each meeting of the Federal Open Market Committee, projections are made about macroeconomic indicators for the economy of the United States. The meetings are held at a frequency slightly greater than one a month. These projections are recorded in "Greensheets" and all the Greensheets for a given year are compiled into the Greenbook of that year. The Greensheets are kept confidential within the committee at the time of creation. Each Greenbook is made available to the public five years after the end ...
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Economic Forecasting
Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, for specific sectors of the economy or even specific firms. Economic forecasting is a measure to find out the future prosperity of a pattern of investment and is the key activity in economic analysis. Many institutions engage in economic forecasting: national governments, banks and central banks, consultants and private sector entities such as think-tanks, companies and international organizations such as the International Monetary Fund, World Bank and the OECD. A broad range of forecasts are collected and compiled b"Consensus Economics" Some forecasts are produced annually, but many are updated more frequently. The economist typically considers risks (i.e., events or conditions that can cause the result to vary from their initial estimates). ...
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Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include ''Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Fo ...
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Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia and it is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. Comprising the westernmost peninsulas of Eurasia, it shares the continental landmass of Afro-Eurasia with both Africa and Asia. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south and Asia to the east. Europe is commonly considered to be Boundaries between the continents of Earth#Asia and Europe, separated from Asia by the drainage divide, watershed of the Ural Mountains, the Ural (river), Ural River, the Caspian Sea, the Greater Caucasus, the Black Sea and the waterways of the Turkish Straits. "Europe" (pp. 68–69); "Asia" (pp. 90–91): "A commonly accepted division between Asia and E ...
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