I give an updated look at the forecast for sales tax collections in Grand Forks. There are statistical issues with the forecast but corrections are in the works.
Just some musings and thoughts related to oil and fertility in North Dakota.
The issues the public has with the outcomes of the tax act suggest a need for more attention to the user experience in the formulation of economic policies.
I am teaching forecasting this semester and trying to show the students that forecasting is also a thought process and a state mind. So I thought some predictions about sectors impacted by the State of the Union speech would be a good exercise. I pick three sectors likely to be impacted: agriculture, energy, and construction. Why these three?Continue reading Predicting the State of the Union Impacts
So I am quoted in this story from the Grand Forks Herald about tax policy changes and employment changes in the state of North Dakota(Link). I thought I would extend my thoughts here. Of all the policies to attempt to heap credit upon for employment gains in the state the tax changes seem to me the least likely. What is more likely?Continue reading Employment Gains in ND