Problems of regional forecasting

Bell, David N. F. and McGilvray, James W. and Oswald, Andrew J. and Simpson, David R. F. (1975) Problems of regional forecasting. Quarterly Economic Commentary, 1 (1). pp. 5-10. ISSN 0306-7866

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    The construction and use of regional forecasting models is a comparatively recent phenomenon, and experience to date is mainly American. This article contains a brief review of the general structure of these models and problems involved in their construction and implementation. It also refers to specific problems in forecasting for Scotland and indicates the main lines of research which must be undertaken in the process of developing a model for the Scottish economy.