Ranking of WSJ forecasters: May update
Submitted by EconWeekly
The GDP estimate for the first quarter is out, so it’s time to update my ranking of the Wall Street Journal forecasters. (Remember: to pit forecasters against each other I use the Root Mean Squared Error (RMSE) and the most accurate forecaster is the one with the lowest RMSE, among all who have submitted at least ten forecasts since May of 2004. I only include the predictions submitted in the months of February, May, August and November for quarters Q1, Q2, Q3 and Q4, respectively. The Q1 forecast is the one submitted in February, the Q2 forecast is the one posted in May, and so on.)
