Budget Forecasts vs Reality

In: Finance Innovative Politics Source: NYT

2 Mar 2011

This is from 2010, but I wanted to post it because it’s an excellent way to visualize the quality of economic projections. The New York Times refers to it as a “porcupine” chart.

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2 Responses to Budget Forecasts vs Reality

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Daniel

March 2nd, 2011 at 1:28 pm

I’m surprised that more organizations and companies don’t do this type of analysis. Yet every year at budget time, we forget that our last budget was way off the mark.

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David

March 2nd, 2011 at 8:00 pm

I find this graph hilarious, by and large, every prediction is on the up-and-up, I guess budget forecasters are quite the optimists, not that it’s a bad thing.

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