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Michael Saunders, chief UK economist at the investment bank Citi, said his main forecast was still that the Bank would raise rates in early 2016, but added: "It would not be a big step to expect that bank rate at end-2016 will still be 0.5%".
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The main forecast references are obviously the periods where the volatility has reached high levels and afterward, the periods of those which are most similar; this is the rationale described by our Eq. (8).
The forecast was rain.
The average forecast was $4.92 billion.
The forecast was dreadful.
The consensus forecast was 63.3.
It says that the main effect on its forecast is to increase the range of possible outcomes.
The main component of the forecast is a composite of six ratings systems which are converted to the same scale and averaged together.
The main risk to that forecast is uncertain defense-spending trends.
Four main forecasting approaches were identified.
But, as Fair noted in his update, the main message of his new forecast is that "the election is too close to call".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com