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Forecast Accuracy

 

 

First in Forecasts Worldwide

Industry Forecast Accuracy

Our overall forecast accuracy since 1985 is 94.7% at one year out. At ITR Economics, the length of time a forecast is in place is just as important as its accuracy. While some firms give their clients a moving target, we provide ours with a stake in the ground, empowering them to plan effectively. Check out our last few years of scorecards and contact us today for more information. We are happy to talk through our strengths and abilities, as well as any limitations.

forecast accuracy chart

 

2020 forecast accuracy results were impacted by the dual black swans, the COVID-19 pandemic and a steep drop in oil prices. Click here for more information on these events.

Company Forecast Accuracy by Industry

Not only can ITR Economics boast a reliable industry forecast, we have been providing business leaders with accurate company sales forecasts for decades! We can look at a business’ sales data, units shipped data, pounds shipped data, and more. It comes down to this. What metric will give you the most useful foresight to position your business with the greatest amount of accuracy?

Our 2019 overall Company Forecast Accuracy was 92.19% FIVE QUARTERS into the future.

Would this type of outlook help you build a business and investment strategy with greater confidence?

 

Machinery - 93.3%

Industrial Automation - 92.1%

Construction - 94.4%

Building Materials - 89.1%

Mechanical or Industrial Engineering - 95.1%

Wholesale - 95.5%

Mining & Metals - 88.6%

Electrical/Electronic Manufacturing - 91.2%

Other - 91.9%

About

Since 1948, we have provided business leaders with economic information, insight, analysis, and strategy. ITR Economics is the oldest privately held, continuously operating economic research and consulting firm in the US. With a knowledge base that spans six decades, we have an uncommon understanding of long-term economic trends as well as best practices ahead of changing market conditions. Our reputation is built on accurate, independent, and objective analysis.