The University of Michigan’s Annual Economic Outlook Conference, the longest-running such event in the United States, is hosted by RSQE in Ann Arbor every November. The graph above offers a glimpse into our history, displaying our forecast from 1971–2024 of real GNP and real GDP that has been presented at each conference. Over the sample period shown (1971–2024), our mean absolute error is 1.1 percent, while our root mean square error is 1.4 percent. The tables below provide a comprehensive overview of our forecasting record throughout RSQE’s entire history.
Here is our forecast record of real GNP spanning from 1953 to 1990.
Here is our forecast record of real GNP and real GDP spanning from 1971 to 2024.
