Budget Forecasts vs Reality - Chart Porn

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.

2 Responses to Budget Forecasts vs Reality

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.

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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