Macro Forecasting in One Easy Lesson: a universal technique for hurricanes and macroeconomic variables

Many years ago, a former student became the chief economist for a major firm.

When I asked him how he made his macro forecasts for the firm, he replied,

"It's easy. I subscribe to a lot of forecasting services and take an average."

It is tempting to do the same thing with forecasts for the path of hurricanes.



In fact some of the best forecasters work in both economic and weather forecasting.