In this episode of Economics Matters, we look behind the curtain at the world of economic forecasting. Our colleague Ted Mallett, The Conference Board of Canada’s Director of Economic Forecasting, gives us his take on how he and his team approach business of economic forecasting.
We discuss the mechanics of economic forecasting, the models, the data sources as well as the ways in which Ted and his team incorporate observations on human behaviours to guide the outputs of the models and derive meaningful insights on the direction of the economy.
About our guest:
Ted Mallett is the Director of the Economic Forecasting team at The Conference Board of Canada. Ted is responsible for the strategic direction of this Knowledge Area, as well as its day-to-day operations. He oversees the planning and production of regular forecast publications at the national, provincial, metro, and industry levels.
Ted is a nationally recognized economist with more than three decades of experience in economic policy analysis and forecasting. He is known for producing innovative and unique insights in areas not often covered by traditional sources of data. As a frequent contributor to media and a member of several senior advisory bodies to governments, Ted is adept at identifying, anticipating, and articulating emerging trends and challenges leaders will face in our economy.
Check out Conference Board of Canada forecasts at: https://www.conferenceboard.ca/focus-areas/canadian-economics/