Word: forecaster
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...high tariff on industrial users of gas and oil. When the issue came up in the Senate last week, Long was in vintage form, giving that he might receive. A few days before the vote, Long's chief aide ?raising the specter of financial ruin for Louisiana industry?forecast the proposal's future with a Southern lilt: "The industrial user's tax is d-a-i-d, dead." Yet when the measure came to a vote, the wily Long did not thwart the drive to make it 1-i-v-e, live. In exchange, he won Senate agreement...
...nation's trade deficit will probably be reduced this year to around $3 billion, from $4 billion in 1976, and the franc has stabilized at about 4.86 to the dollar. On the other hand, output of goods and services is likely to grow only 3%, v. an original forecast from Barre...
...staff of 250 economists and analysts from the huge mass of numbers put out free by governments, associations and corporations. Then the figures are fed into the most capacious computer that Burroughs has ever sold. Eckstein's econometric models, based on thousands of mathematical equations, produce not only forecasts of growth, inflation, interest rates and the like, but also thousands of micro forecasts of specific industries and products. The predictions change as new indicators are reported or major political developments occur. For example, 72 hours after the Arab oil embargo struck in 1973, Data Resources forecast just how much...
...fourth quarter. Between now and 1980, there will be a great increase in the number of heads of families aged 25 to 44 who earn more than $25,000, and this will lead to a surge in sales of houses, furnishings, cars and other fairly costly goods. A happy forecast - and it is even safer to anticipate that DRI will continue to grow faster than most of the indicators that it monitors...
Government officials find the NERC forecast overly gloomy. McCollam's response: "We think their assessment is unduly optimistic. Maybe somewhere between is the answer...