Baseline forecast
A central forecast path built from current data and model assumptions before extra scenarios are applied.
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Glossary
Macro terms, data terms, and platform terms in one place
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Platform-specific workflow terms are marked separately from standard macro vocabulary.
Models and projections
A central forecast path built from current data and model assumptions before extra scenarios are applied.
A simple comparison model used to judge whether a more complex model is actually adding value.
A period kept out of the fit so forecast performance can be checked on data the model did not train on.
Estimating the current state of the economy before official releases are complete.
An explicit alternative path created by changing assumptions, shocks, or policy settings.