What is the purpose for developing economic forecasts?
What is the purpose for developing economic forecasts?
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To help people determine where to invest their money and plan for the future on the micro level, and on the macro level to help make decisions on directing the local, state, and national economies.
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Economic Forecast
A forecast serves the purpose to business organization to move confident into their future. …
This paper presents the macroeconomic forecast from three different analysis and how it affects planning issues with the organization. When carefully selecting any of these analyses, the forecast will influence weather the organization modify its prices and cash flow, and make investment in the following year. … For example, Wachovia’s forecast is based with data provided up to the first quarter of 2003, while RBC’s forecast is based on data from the last quarter of 2002, and The National Economic Review is using information up to July 2003.
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In a country where population is very high and food is limited and the economic forecass may help in making certian changes and in adjusting the fund management to meet the demand, these probabalities may help in help in theimprovement of the same.
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