This paper provides a statistical analysis of the forecasts of a significant number of expenditure and revenue components of the federal budget provided each year by the Department of Finance. The sample available for such an investigation is limited, and the authors describe an easily applied...

This paper provides a statistical analysis of the forecasts of significant number of expenditure and revenue components of the Federal budget provided each year by the Department of Finance. The sample available for such an investigation is limited and we describe an easily-applied nonparametric...

As an important initial step in the annual budget process, the President presents to Congress each January his budget with details of federal spending activity and priorities. Our paper is a statistical assessment of the merit of the budget figures submitted to Congress. We investigate the...