Forecasting involves estimating future trends. Stock market forecasters try to predict the direction of the stock market by relying on technical data of trading activity and fundamental statistics on the direction of the economy. Economic forecasters attempt to predict the strength of the economy, utilizing complex econometric models to make specific predictions of future levels of inflation, interest rates, and employment.
An index of leading indicators is a composite index comprised of various economic indicators that are used to predict the future direction of the economy.
Leading Indicators are economic statistics that signal future changes in the economy before they occur, helping to predict economic trends and cycles.
The Office for Budget Responsibility (OBR) is the independent economic forecasting watchdog established by HM Treasury in May 2010 to provide economic data and analysis for the UK government.
