Budget Forecasts vs Reality
2 Mar 2011This 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
Daniel
March 2nd, 2011 at 13:28
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 20:00
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.