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19 likes 1 talking about this.. Economic forecasting is probably as old as organized economic activity, but modern forecasting got its impetus from the great depression of the 1930s..
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| The method of using current economic data of an economy to predict how well it will do in the future is called economic forecasting. | Economic forecasting refers to the use of historical empirical regularities and theoretical understanding of economic processes to project future economic conditions. |
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