The forecasting of business and economic trends, prices, sales, business cycle activities, commodity flows, and other matters is an important component of business decision-making and economic policymaking at all levels. Miller College of Business faculty use the Business and Economic Forecasting Group as a means to conduct varied forecasting analysis ranging from technical production forecasts to large-scale macroeconomic models and a broader political economic discussion of the uses/misuses of forecasts in policymaking.
The interdisciplinary expertise of the Business and Economic Forecasting Group enables its members to...
- produce and publish economic forecasts
- integrate business forecasting into economic forecasts
- develop industry-specific forecasts (especially related to logistics)
- offer forecasting expertise to business and government
- develop seminars or coursework in business and economic forecasting
- explore programmatic additions of forecasting education within the college
- foster immersive learning forecasting activities
- publish forecasting models in peer-reviewed literature
- develop business and economic forecasting tools for clients
- integrate qualitative analysis into quantitative forecasts