I was watching Futurama this evening and the tag line for the show came on and said “You can’t prove it won’t happen.” What a great slogan for the forecasting class. It is an awesome example of prediction that cannot be verified or validated until too long into the future.

Continue reading Forecasting Class Mantra?

I testified in front of the state legislature forecast committee at the end of July and gave my feedback on proper process improvement North Dakota could, and should, make. Each of the items I mentioned could be an entire discussion on its own which makes testimony under a time limit a bit of an issue. And then I realized, I have a blog, so I can extend my thoughts as needed. The first point to discuss further is forecast horizon.

Continue reading (Forecast) Horizons in North Dakota

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Sorry for the lack of posting lately. I was prepping testimony to the state legislative committee looking at the revenue forecasting process in the state of North Dakota. That took a bunch of my time, as did the usual chair work and the like. I gave that testimony today so I will return to my rants and musings about all things economic, including sharing my thoughts about the forecasting of state variables (likely expand beyond my testimony) and my outlook for the state’s key economic variables.

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