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A small number of forecasters remain concerned that the economy will slip into a torpor again next year.
While a number of forecasters fear another downturn will result unless the Federal Reserve bolsters the economy by cutting rates further, Ms. Lazar said she was waiting for the full impact of last year's rate cuts.
But even before yesterday's discussion, some new economic data, including a surge in October retail sales and a decline in initial jobless claims, had led a number of forecasters to predict recently that the recession would be relatively mild and less severe than they thought earlier.
Not since the first quarter of 1982, in the midst of a severe recession, has the gross domestic product contracted at a 4percentt annual rate in a single three-month period, as a growing number of forecasters say it is now doing, according to Blue Chip Economic Indicators.
Indeed, a number of forecasters are now predicting that the expansion, which began in 2009 and has remained subpar ever since, might prove to be far more durable than the typical five-to-six-year growth cycle, in part because of the absence of the traditional boom, then bust pattern.
Although the model just described includes several parameters, the only actual, user-selected model parameters are the number of forecasters c and the topology of the individual forecasters.
Similar(52)
That has led a number of private forecasters to slash estimates of second-quarter growth.
A growing number of private forecasters say they are convinced the statistical hints of revival, though fragmentary and fragile, are too numerous to be dismissed as a fluke.
A number of economic forecasters expect a further fall in inflation in April, mainly because Gordon Brown's budget did not raise excise duties like those on alcohol and tobacco which had been increased a year earlier.
What's more surprising is the number of political forecasters talking up the possibility of 2010 as another "wave election," with Republicans reaping the benefits.
In the second layer, an ensemble of a number of base learners acting as forecasters equal to the number c of clusters is used, each of them specialized on a homogeneous region of the data space.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com