How can we effectively forecast in uncertain times?

How can we effectively forecast in uncertain times?

Forecasting in uncertain times requires flexible models, real-time data, and scenario planning. What specific area are you interested in?

I'm particularly interested in economic forecasting.

For economic forecasting, consider using leading indicators, historical data trends, and expert insights. Would you like to know more about specific models?

Yes, what models are best for economic forecasting?

Some popular models include ARIMA, VAR, and machine learning approaches. Each has its strengths depending on the data available. Do you have a specific dataset in mind?

I have quarterly GDP data. What model would you recommend?

With quarterly GDP data, ARIMA is a solid choice for time series forecasting. It can capture trends and seasonality effectively.