Published under: forecasting economic data, ARIMA models, Business analytics, Forcasting Future Growth, GDP Prediction

In case you missed our last newsletter, here is my latest CTO's Corner in which I discussed forecasting economic data such as GDP...

It’s always tricky to forecast what’s likely to happen with economic data such as GDP. If you watched our June 24 webinar on forecasting economic time series data, you’ll remember that we fit an ARIMA model for U.S. quarterly GDP with new housing permits included as a leading indicator. The model predicted a 2.2% annual growth in the second quarter 2015 GDP year-over-year. The BEA just released its initial estimate for the second quarter: 2.3% annual growth. That’s well within our 95% forecast limits and evidence that quantitative forecasting models can be useful.

You can view the full recording of this webinar at

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