Held April 24, 2014 Washington, DC
Theme: The Roles of Government Forecasts
Government forecasts are critical to assessing the future needs of the nation. These forecasts are used by those in the public and private sectors for planning and decision-making in a variety of areas: agriculture, energy, the environment, demographics, geologic hazards, healthcare, job trends, social security, Veteran’s issues, and more. For example, policy makers use forecasts to create laws, direct resources and establish budgets. Individuals use forecasts of salary and employment trends to make career decisions, and nominal price forecasts and interest rate trends to decide whether to buy a home. Government agencies are also consumers, using forecasts of weather and commodity supply and demand to project crop yield and prices. Labor force projections are also based on government-produced projections of the population.
At the 2014, 20th FFC, presenters from a variety of agencies will share their experience in developing and using forecasts. Add your voice to the conversation! Please join our discussion of the unique role played by federal forecasts, and how forecasts are used by the government, private industry, and the public.