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All Forecasters Are Equal

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  • Batchelor, R A
Abstract
From an analysis of the track records of U.S. economic forecasters, Stekler (1987) concluded that "all forecasters are not equal." This article shows that his result is based on an incorrectly defined test statistic. When a more appropriate test is conducted, the figures suggest that accuracy rankings are not significantly different from those that might be expected as a result of sampling error in a population of equally accurate forecasters.

Suggested Citation

  • Batchelor, R A, 1990. "All Forecasters Are Equal," Journal of Business & Economic Statistics, American Statistical Association, vol. 8(1), pages 143-144, January.
    • Handle: RePEc:bes:jnlbes:v:8:y:1990:i:1:p:143-44
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