वित्त मंत्रालय के तहत एक स्वायत्त अनुसंधान संस्थान

 

Intuition, not prediction

05/06/2020

There is a difference between an estimate, a projection, and a forecast. Projections extrapolate on past trends. Forecasts are based on an economic model that uses data to forecast future economic magnitudes.
 
The Covid crisis makes “data driven” projections inaccurate, as the past provides zero guidance for the future ...