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In the study of human–computer interaction, predictability is the property to forecast the consequences of a user action given the current state of the system. A contemporary example of human-computer interaction manifests in the development of computer vision algorithms for collision-avoidance software in self-driving cars.
Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, for specific sectors of the economy or even specific firms. Economic forecasting is a measure to find ...
A macroeconomic model is an analytical tool designed to describe the operation of the problems of economy of a country or a region. These models are usually designed to examine the comparative statics and dynamics of aggregate quantities such as the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the level of prices.
For example, they may allow for: non-market clearing, especially for labour (unemployment) or for commodities (inventories) imperfect competition (e.g., monopoly pricing) demands not influenced by price (e.g., government demands) CGE models always contain more variables than equations—so some variables must be set outside the model.
Nowcast models can exploit information from a large quantity of data series at different frequencies and with different publication lags. [5] Signals about the direction of change in GDP can be extracted from this large and heterogeneous set of information sources (such as jobless figures, industrial orders, trade balances) before the official ...
The IMF's 2025 China growth forecast was unchanged at 4.5%, but the outlook does not include any impact from Beijing's recently announced fiscal stimulus plans, which are still largely undefined.
US Dollar Index and major financial events. The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, [1] often referred to as a basket of U.S. trade partners' currencies. [2]
A financial forecast is an estimate of future financial outcomes for a company or project, usually applied in budgeting, capital budgeting and / or valuation. Depending on context, the term may also refer to listed company (quarterly) earnings guidance. For a country or economy, see Economic forecast.