Many researchers are interested in making predictions for macroeconomic variables, but few of them studied the accuracy of their forecasts. The problem is essential, especially in crisis periods, because from many forecasts made for the same indicator only one or few are the most accurate. In...

Purpose – The purpose of the research is to find a suitable strategy to improve the SPF predictions for inflation. Design/methodology/approach – some alternative forecasts for the annual rate of change for the HICP for EU were developed, their accuracy was evaluated, using proper accuracy...

In this study some alternative forecasts for the unemployment rate of USA made by four institutions (International Monetary Fund (IMF), Organization for Economic Co-operation and Development (OECD), Congressional Budget Office (CBO) and Blue Chips (BC)) are evaluated regarding the accuracy and...

Many researchers are interested in making predictions for macroeconomic variables, but few of them studied the accuracy of their forecasts. The problem is essential, especially in crisis periods, because from many forecasts made for the same indicator only one or few are the most accurate. In...

In this study, the problem of forecasts accuracy is analysed on three different forecasting horizons: during the actual economic crisis, in few years before the crisis and on a large horizon. The accuracy of the forecasts made by European Commission, National Commission for Prognosis (NCP) and...