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Do economic forecasts depend on the nature of the economist?

The forecaster's personality seems to influence the forecast. While some are congenital optimists, others are pessimists. They are like the bulls and bears of economics-econometrics confluence

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T C A Srinivasa-Raghavan
Recently, a very good economist friend of mine argued that we needed to move to quarter-on-quarter gross domestic product (GDP) forecasts. Currently, these forecasts are on a year-on-year basis. The latter, he said, missed the momentum part of GDP growth. Upon this, I thought to myself, “why not weekly then”?

Jokes aside, people always have, and always will, want to know what will happen in the future. Whether it is parrots picking out a card or an economist selecting the data, there’s not much difference really in the method. It all depends on what you trust.

So the question in the title
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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