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Author Question: Why is forecasting GDP in the long run so difficult? (Read 21 times)

genevieve1028

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Why is forecasting GDP in the long run so difficult?
◦ These is an absence of data that provides any information on future trends.
◦ There is no regularity in the frequency and amplitude of fluctuations in real GDP.
◦ Current models are not sophisticated enough to conduct this exercise.
◦ Structural and statistical forecasting provide differing results.
◦ There is no expertise in forecasting the long run trend in real GDP.


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Marked as best answer by genevieve1028 on Jan 2, 2020

guyanai

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genevieve1028

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Reply 2 on: Jan 2, 2020
YES! Correct, THANKS for helping me on my review


cassie_ragen

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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