This book, written by Charlie Nelson, aims to improve forecasting accuracy. It analyses the performance of forecasting in several fields including economic, political, weather, and climate. This analysis identifies opportunities to improve forecasting accuracy. In relation to forecasting GDP, the analysis identifies a pattern associated with large forecasting errors – one that is playing out in 2019.
The book contains 24 case studies, in a wide range of fields, which also indicate opportunities for improving forecasting accuracy.
The book concludes with a listing of the essential skills needed to maximise forecasting accuracy.
The book draws on Charlie’s forty plus years practical experience in forecasting in Australia plus numerous other sources. It can be purchased online.