Explain why economic forecasts are not totally accurate

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Reference no: EM131136312

Check the Federal Reserve Board's semiannual monetary policy reports to the Congress (www.federalreserve.gov/boarddocs/hh). In these reports, which are published every year in February and July, the Federal Reserve Board members provide economic performance forecasts. Using this information, answer the following questions:

a. How well did the Fed anticipate the economic performance of 2010?

b. Explain why economic forecasts are not totally accurate.

Reference no: EM131136312

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