It’s possible to get better at forecasting. Research offers some insights into the factors that make a difference to become a “super forecaster”.
Complex models are more popular than simple ones among researchers, forecasters, and clients. The popularity of complexity may be due to incentives.
In this issue we have: Forecasting Profitability; Monetary policy expectations; Estimation Errors and Prediction Errors; and Prediction of Macroeconomic Performance in Pacific Island Countries.