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What is The Politics of Forecast Bias Forecaster Effect and Other Effects in New about?

This paper analyzes the factors influencing forecast bias in New York City revenue forecasting, focusing on forecasters, revenue categories, and timing. It finds that forecasters generally produce similar forecasts, with a tendency to underforecast revenues over longer horizons, raising questions about claims of structural budget deficits. The study highlights the need for further investigation into the biases associated with different revenue types and the timing of forecasts within the budget cycle.

Author

nanbinwanglulu

Language

EN