Which Database and Which Estimates for Forecasting Economic Performance?
Isabel B. Anderson
Table 2
Implied Forecasted Rates of Growth of Real GDP, Saskatchewan, 1995-97
(year over year percent change)
| Year | BofM
fc | SC fc | SC
mp | SkBofS mp | BofM
Cdnmp |
| 1995a | 0.80 | 0.77 | 0.53 | 1.95 | 2.20 |
| 1996f | 1.75 | 1.68 | 1.16 | 4.27 | 1.80 |
| 1997f | 2.75 | 2.65 | 1.82 | 6.70 | 3.50 |
| Mean | 1.77 | 1.70 | 1.17 | 4.31 | 2.50 |
Note: a and f in column 1 refer to "actual"
and "forecasted" respectively. Column 2 refers to the Bank of
Montreal's factor cost forecasts for Saskatchewan; column 3 refers to
Statistics Canada's factor cost estimates; column 4 refers to Statistics
Canada's market price estimates; column 5 refers to the Saskatchewan
Bureau of Statistics' market price estimates; column 6 refers to the Bank
of Montreal's market price forecasts for Canada.
Source: Bank of Montreal, Economics Department, July, 1996; Statistics
Canada, 11-210-XPB; Statistics Canada 15-203-XPB; Saskatchewan, Bureau of
Statistics, 1996.
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