Economist's Model Forecasted Current Economic Slowdown One Year In Advance
Thursday, September 25, 2008 - 16:07
in Mathematics & Economics
(PhysOrg.com) -- An economist at Rensselaer Polytechnic Institute says that a model he developed forecasted the current economic slowdown at least one year before it became apparent to most observers. The model, which was first published in the Journal of Finance in June 1991, has successfully predicted every recession since 1955.