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Macroeconomic Forecasting

2008· book-chapter· en· W4416087884 on OpenAlexaboutno aff
Mark W. Watson

Bibliographic record

VenueThe New Palgrave Dictionary of Economics · 2008
Typebook-chapter
Languageen
FieldDecision Sciences
TopicForecasting Techniques and Applications
Canadian institutionsnot available
Fundersnot available
KeywordsInflation (cosmology)Economic forecastingUnemploymentQuarter (Canadian coin)Monetary policySurvey of Professional ForecastersPrivate sectorGovernment (linguistics)

Abstract

fetched live from OpenAlex

Macroeconomic forecasts are ‘guesses’ of the future values of important macroeconomic aggregates such as GDP, inflation, or the unemployment rate. These forecasts inform the decisions of business, policymakers, investors, and consumers. Macroeconomic forecasts are regularly constructed by government agencies and private companies. For example, every quarter the Bank of England publishes its Inflation Report , which contains forecasts of inflation over the next three years. Federal Reserve policymakers also rely on forecasts from the Green Book; however, unlike the Bank of England, the Fed does not release its forecasts to the public. The Federal Reserve Bank of Philadelphia summarizes private sector macroeconomic forecasts for the United States in its quarterly Survey of Professional Forecasters .

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.005
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: Not applicable
GenreCandidate signal: Other · Consensus signal: Other
Teacher disagreement score0.110
Threshold uncertainty score0.367

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.005
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0020.003
Science and technology studies0.0010.000
Scholarly communication0.0030.003
Open science0.0010.001
Research integrity0.0010.002
Insufficient payload (model declined to judge)0.1100.104

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.175
GPT teacher head0.309
Teacher spread0.135 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreOther

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2008
Admission routes1
Has abstractyes

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