Treasury admits housing market miscalculation
Treasury admits housing market miscalculation
- 1992
- Financial Times 11 February 1992, 5(1) .
The Treasury admits that its forecasting techniques have failed to take into account the extent to which the depression in the housing market has influenced the recession. The Treasury is expected to introduce a new form of computer model incorporating new equations between consumer spending and the value of housing stock.
COMPUTER MODELLING
ECONOMIC FORECASTING
ECONOMY
The Treasury admits that its forecasting techniques have failed to take into account the extent to which the depression in the housing market has influenced the recession. The Treasury is expected to introduce a new form of computer model incorporating new equations between consumer spending and the value of housing stock.
COMPUTER MODELLING
ECONOMIC FORECASTING
ECONOMY