An approach for assessing uncertainty and the balance of risks : constructing a fan chart for real GDP growth forecasts / [prepared by Chris Matier].: YN5-136/2010E-PDF

"Economic forecasts presented in the Government’s budgets and fiscal updates provide a single or ‘point’ forecast, which represents only one possible future outcome. Different economic outcomes – with varying degrees of probability – are of course possible. Although it is not possible to know, with certainty, the distribution of these future outcomes, it is nonetheless useful to illustrate the uncertainty surrounding a baseline economic forecast to enhance discussion about risks to the economic outlook and to help policymakers gauge the likelihood of possible economic scenarios"--Key Points, p. ii.

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Publication information
Department/Agency Canada. Office of the Parliamentary Budget Officer.
Title An approach for assessing uncertainty and the balance of risks : constructing a fan chart for real GDP growth forecasts / [prepared by Chris Matier].
Variant title Constructing a fan chart for real GDP growth forecasts
Publication type Monograph
Language [English]
Other language editions [French]
Format Electronic
Electronic document
Note(s) Issued also in French under title: Une approche pour évaluer l’incertitude et la résultante des risques : élaboration d’un graphique en éventail pour les prévisions de la croissance du PIB réel.
"August 30, 2010."
Includes bibliographic references.
Publishing information Ottawa : Office of the Parliamentary Budget Officer, 2010.
Author / Contributor Matier, Chris.
Description iii, 8 p. : col. charts.
Catalogue number
  • YN5-136/2010E-PDF
Subject terms Gross domestic product
Economic forecasting
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