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.

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Forecast evaluation report canonical 1

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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 British Parliament
surface form: UK Parliament

economists
fiscal watchdogs
general public
policy makers
jurisdiction UK government
surface form: 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

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Office for Budget Responsibility publishes Forecast evaluation report