Forecasting economy 'guesswork' | Local | The Journal Gazette
Forecasting economy 'guesswork' SHERRY SLATER | The Journal Gazette Useless – that's how one Indiana University economist described turning this year to the procedures he typically uses to craft an economic forecast. “Patterns from our history of normal business cycles are essentially irrelevant,” said Willard Witte, associate professor emeritus of economics. “What we are left with is pure guesswork.” Witte is among the experts the Indiana Business Research Center calls on each year to prepare outlooks for the global, national, state and local economies. The panelists typically trav...
Source: journalgazette.net