Forecast evaluation report
E74864
The Forecast evaluation report is an analytical publication that reviews and assesses the accuracy and performance of the UK’s official economic and fiscal forecasts.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
analytical publication
→
economic forecast evaluation → official report → |
| abbreviation |
FER
→
|
| basedOn |
outturn economic data
→
outturn fiscal data → |
| country |
United Kingdom
→
|
| format |
written report
→
|
| goal |
to benchmark forecast performance against outcomes
→
to enhance accountability of official forecasts → to support evidence-based fiscal policy → |
| hasAudience |
UK Parliament
NERFINISHED
→
economists → fiscal watchdogs → general public → policy makers → |
| jurisdiction |
United Kingdom government
→
|
| language |
English
→
|
| medium |
PDF document
→
online publication → |
| monitors |
performance of OBR forecasts
→
|
| producedBy |
OBR forecasting and analysis teams
→
|
| publisher |
Office for Budget Responsibility
→
|
| purpose |
to assess forecast performance over time
→
to identify sources of forecast error → to improve transparency of official forecasts → to inform future forecast methodology → to review the accuracy of the UK’s official economic forecasts → to review the accuracy of the UK’s official fiscal forecasts → |
| relatedTo |
Economic and fiscal outlook
→
OBR forecast methodology → |
| scope |
UK official economic forecasts
→
UK official fiscal forecasts → |
| subjectArea |
UK economy
→
fiscal forecasting → macroeconomic forecasting → public finance → |
| timeHorizonEvaluated |
medium-term forecasts
→
short-term forecasts → |
| topic |
economic projections
→
fiscal projections → forecast accuracy → forecast performance assessment → |
| usesMethod |
comparison of forecasts with outturns
→
decomposition of forecast errors → statistical analysis of forecast errors → |
Referenced by (1)
| Subject (surface form when different) | Predicate |
|---|---|
|
Office for Budget Responsibility
→
|
publishes |