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Topic: Wharton Econometric Forecasting Associates


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In the News (Wed 17 Jul 19)

  
  Wharton Econometric Forecasting Associates - Wikipedia, the free encyclopedia
Wharton Economic Forecasting Associates (WEFA) was a world-leading Economics forecasting and consulting organisation founded by Nobel Prize winner Lawrence Klein.
WEFA's LINK project, to produce the world's first global macroeconomic model, was mentioned in his citation for the Economic Sciences in 1980.
WEFA was a spinoff of the Wharton School of the University of Pennsylvania, where Klein taught.
en.wikipedia.org /wiki/Wharton_Econometric_Forecasting_Associates   (108 words)

  
 RFE: WEFA Group
They offer four general types of services: (i) forecasts with a focus from an industry to the globe, (ii) data -- more than two million time series are available to their customers, (iii) software for managing these time series in many different ways, and (iv) consulting for clients.
WEFA is an outgrowth of Wharton Econometric Forecasting Associates, which was founded in 1963 by Lawrence R. Klein.
It merged with Chase Econometrics in 1987, and in 1994 it was acquired by Bain Capital, and in 1997 by Primark, a global economic and financial information company.
academics.vmi.edu /econ/gg/EconFAQ/Consult/WEFAGroup.html   (233 words)

  
 Lawrence Klein
For his work in creating computer models to forecast economic trends in the field of econometrics at the University of Pennsylvania, he was awarded the Nobel Prize for Economic Sciences in 1980.
Here he built a model of the United States economy to forecast the development of business fluctuations and to study the effects of government economic-political policy.
Klein had been a member of the American Communist Party in 1946 and 1944 while in Chicago; he later said that this was the result of youthful naivete.
www.starrepublic.org /encyclopedia/wikipedia/l/la/lawrence_klein.html   (677 words)

  
 CONK! Encyclopedia: Lawrence_Klein   (Site not responding. Last check: 2007-11-06)
Klein was born in Omaha, Nebraska, and is of Jewish descent.
For his work in creating computer models to forecast economic trends in the field of econometrics at the University of Pennsylvania, he was awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1980.
At the end of the 1960s he was the initiator of, and an active research leader in, their LINK project, which was also mentioned in his Nobel citation.
www.conk.com /search/encyclopedia.cgi?q=Lawrence_Klein   (698 words)

  
 LINK - Open Encyclopedia   (Site not responding. Last check: 2007-11-06)
LINK is a project started in 1968 by Wharton Econometric Forecasting Associates or WEFA, (now Global Insight), to build the world's first global macroeconomic model, linking models of many of the world's countries so that the effect of changes in the economy of one country are reflected in other countries.
The project was initiated in 1968 under the auspices of the U.S. Social Science Research Council and the leadership of Nobel Laureate Lawrence Klein and was mentioned in his citation for the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1980.
Since the impose of international consistency could make the forecasts for some countries different from their original single country forecasts, comments and feedbacks from the national experts will be collected in the LINK meeting and a Post-Meeting LINK forecast will be generated after the meeting.
open-encyclopedia.com /LINK   (1135 words)

  
 Joint Legislative Budget Committee - Economic & Revenue Forecasting Process   (Site not responding. Last check: 2007-11-06)
In addition, JLBC has had an annual contract with WEFA for their monthly U.S. Macro forecasts, which are received in two forms, (1) printed reports and analyses and (2) data diskettes.
The model and the forecasts are given to JLBC in the form of printouts as well as on diskettes.
Since JLBC has the WEFA national macro model as well as the EBR Economic and Revenue models, JLBC has the capability of preparing revenue forecasts based on U.S. and Arizona economic scenarios developed independently and that are different from the forecasts of both WEFA and EBR.
www.azleg.state.az.us /jlbc/lerf.htm   (501 words)

  
 Kohler Biographies
The University of Pennsylvania professor was cited as the leading research worker in the field and honored for developing computer models that can forecast directions taken by national economies as well as the effects of public policies.
Klein as president of the Econometric Society and of the American Economic Association or as a member of the President's Council of Economic Advisers (1977-1980) cited his theoretical brilliance when dealing with complex simultaneous equations systems.
He founded Wharton Econometric Forecasting Associates, Inc. (now known as The WEFA Group) and served as principal investigator in a research project called LINK that seeks to coordinate econometric models of different countries.
www.swlearning.com /quant/kohler/stat/biographical_sketches/bio18.1.html   (293 words)

  
 [No title]
Most of the forecasts were produced by quadratic trend models, with the residuals estimated as ARIMA processes.
Monthly forecasts and actual values were then transformed into yearly values by forming 12-month centered moving average.
However, if the loss of population in smaller counties slows, while population gain in the five growing counties continues, then a forecast of stabilizing population for Western Kansas in 1990 may be valid.
www.fhsu.edu /econ/gamble/econ.outlook.1990.html   (2729 words)

  
 Biography of Dr. Stanley F. Duobinis
Prior to his position with NAHB, he was Senior Vice President of the Regional Economic Service with the WEFA Group (A company formed in 1987 by the merger of Chase Econometrics and Wharton Econometric Forecasting Associates).
In his previous position as Director of State and Local Government Consulting with Chase Econometrics, he was in charge of model development, scenario analysis, and revenue forecasting for all state and local government contracts.
Dr Duobinis was the Associate Director of the Regional Economic Studies Institute at Towson University, and while at the University of Tennessee, Dr. Duobinis was the Director of the Tennessee Econometric Modeling Project.
www.cbeconomics.com /biography.htm   (334 words)

  
 MIER Forecasting Club Membership   (Site not responding. Last check: 2007-11-06)
Such forecasting information is extremely critical and essential in view of the increasing uncertainty and complexity in the business environment.
Thus, here is an opportunity for you to draw on the expertise of the WEFA Group, formed from the 1987 merger between Wharton Econometric Forecasting Associates, founded by Professor Lawrence R Klein, the 1980 Nobel laureate in economics, and Chase Econometrics, the independent forecasting subsidiary of the Chase Manhattan Bank, at a relatively low cost.
This is a formal, annual meeting held in July each year when the supplements to the annual economic forecasts are presented and discussed in a session attended by chief executives and planners from the private and public sectors.
www.mier.org.my /mierscope/fcwriteup.html   (1259 words)

  
 About us CIEMEX WEFA
In fact, our econometric model of Mexico was the world’s first forecasting model of a developing economy.
CIEMEX became a part of Wharton Econometric Forecasting Associates (WEFA), an offshoot of Penn’s Economic Research Unit, and its forecasts of the Mexican economy were made commercially available for the first time.
Public and private institutions in Mexico were CIEMEX’s first clients, eager for model-based forecasts produced by the research arm of a prestigious university.
www.maquilaportal.com /ciemex-wefa/aboutus.htm   (218 words)

  
 Percept Data Sources   (Site not responding. Last check: 2007-11-06)
As the world’s leader in forecasting, The WEFA Group has nearly 30 years of experience in data forecasting and modeling, market studies, economic analysis, business planning, database design and maintenance, and econometric modeling.
WEFA was the original economic forecasting firm formed at the request of business leaders who wanted independent economic estimates.
WEFA built a reputation for quality research and accuracy — and in the 1980s added technology leadership to its impressive credentials.
www.percept1.com /pacific/Support/DataSources/sources.asp   (361 words)

  
 Vahan Zanoyan, March 7, 1983
If the very word "econometrics" daunts you or strikes you as forbiddingly dull, it might help to have a chat with Vahan Zanoyan, the Director of the Middle East Economic Service of Wharton Econometric Forecasting Associates.
Zanoyan argues that his is a service which is indispensable to companies that do not have their own in-house specialists on the region-and for those who do, it can be helpful as a "second opinion," or to provide support for the expertise which is already there.
Zanoyan got the idea for the service when he was in Philadelphia with Wharton Econometrics, providing input on the Middle East for its global forecasting division-which was able to treat the Middle East in only a marginal way.
www.wrmea.com /backissues/030783/830307008.html   (797 words)

  
 Review of Northern Light   (Site not responding. Last check: 2007-11-06)
Wharton Econometric Forecasting Associates (WEFA), the newest addition to Northern Light, allows users to search or browse reports forecasting the international and U.S. regional economic conditions and financial markets.
The WEFA publications include international research, U.S. regional research, U.S. macroeconomics research, foreign exchange research, industry research monthly, agricultural research and energy research.
This is a great option since like the WEFA documents, the Investext reports are significantly pricier than the other Special Collection documents.
www.charlestonco.com /review.cfm?id=25   (2212 words)

  
 BeckyLoweHeaderResume   (Site not responding. Last check: 2007-11-06)
Project included add, delete and change ability to document records, associating meta data to the records which is then used to search for documents, table display of information based on SQL used with SQL Server 7, uploaded and displayed documents in various forms such as pdf, jpg or gif, MS Word documents and HTML pages.
Project included add, delete and change ability to document records, associating meta data to the records which is then used to search for documents, table display of information based on SQL used with SQL Server 7.0, uploaded and displayed documents in various forms such as pdf, jpg or gif, MS Word Documents, and HTML pages.
Responsible for assisting in the preparation of monthly and quarterly agricultural forecasts, involved in the development of a user friendly conversational computer program to access the monthly econometric crop model, and diagnosed customer related problems concerning Wharton agricultural projects.
www.marcolowe.com /BeckyLowe/Resume.html   (935 words)

  
 Executive Education @ University of Wisconsin-Madison
His highly respected and anticipated economic forecasts are regularly quoted in USA Today, The Wall Street Journal, and other media around the world.
He is co-chair of the European Council of Economists, a member of the board of directors of GSR Ltd. in London and the American Financial Services Association Educational Foundation.
Jim is a past president of National Association for Business Economics and a past co-chair of the European Council of Economists.
uwexeced.com /advancedmanagement/econspeakers.htm   (943 words)

  
 Ward's Auto World: Gold medal year; last-half '88 U.S. carmaker output goals up 7% - includes forecast by Wharton ...   (Site not responding. Last check: 2007-11-06)
Sullivan, vice president of automotive research at the WEFA Group (Wharton Econometric Forecasting Associates), "unrelenting" incentive programs, increased consumer confidence and regional demand also have been factors.
With continued strong consumer attitudes, low interest rates, growth in disposable income and consumer affordability foreseen, WEFA predicts an economic growth rate of 2.3% for 1988 and 1989; a "mild" recession in 1990; and economic recovery in 1991.
The group's latest forecast pegs car sales at 10.5 million units for 1988, 10.2 million in 1989 and 9.8 million in 1990.
www.findarticles.com /p/articles/mi_m3165/is_n8_v24/ai_6661470   (1139 words)

  
 [No title]
Forecasts and Simulations from the Wharton Model, 1973-74 and 1974-75 editions, General Learning Press 1973 and 1974.
"Econometric Studies of the Impact of Primary Commodity Markets on Economic Development in Latin America," Univ. of Pennsylvania, (with Aldo Roldan), paper prepared for the NBER Conference on Commodity Markets, Models and Policies in Latin America, May 1978.
An Econometric Approach to Measuring the Impact of Primary Commodity Fluctuations on Economic Development: Coffee and Brazil (with Romulado A. Roldan) prepared for WEFA-AID project, August, 1978.
web.cba.neu.edu /~fgadams/doc/vita.doc   (5624 words)

  
 MODLER - News Story
Twenty-first Anniversary of Econometric Models on the PC In September 1984, the Alphametrics Corporation and Wharton Econometric Forecasting Associates jointly established the first PC-based econometric forecasting service, based upon the MODLER™ software and the Wharton PCMark7 Quarterly Econometric Model of the United States Economy.
This was both the first large-scale econometric model to be solved using the microcomputer, containing more than 250 equations, and the first such service that involved the common use of a specific econometric model on multiple computers of any type.
Within a month of the inauguration of this service, more than 100 different groups of users had signed up for the service and were creating specialized forecast tables, graphs, and charts displaying the results.
www.modler.com /NewsStory1.html   (500 words)

  
 W. P. Carey - Board of Directors - Dr. Lawrence R. Klein
Klein was elected to the Board of Directors of W. Carey & Co. LLC in 1998 and is Benjamin Franklin Professor Emeritus of Economics and Finance at the University of Pennsylvania and its Wharton School, having joined the faculty of the University in 1958.
He is a holder of earned degrees from the University of California at Berkeley, the Massachusetts Institute of Technology, and Oxford University, and has been awarded the Alfred Nobel Memorial Prize in Economic Sciences, as well as a number of honorary degrees.
Founder of Wharton Econometric Forecasting Associates, Inc., Dr. Klein has been counselor to various corporations, governments, and government agencies, including WealthEffect.com, the Federal Reserve Board, and the President's Council of Economic Advisers.
www.wpcarey.com /about/boardbio.aspx?BioID=000025877003&FundID=941003   (177 words)

  
 NewStandard: 10/6/98
What must be recognized is that the administration approved the accord without full public discussion and debate, without considering the heavy cost to consumers or the impact on American industries and working people.
A study by Wharton Econometric Forecasting Associates (WEFA) estimates that the cost to the U.S. economy of achieving the Kyoto target would reach $300 billion per year; that is more than we spend on elementary and secondary education in this country.
Mary H. Novak is senior vice president of Wharton Econometric Forecasting Associates in Burlington.
www.southcoasttoday.com /daily/10-98/10-06-98/b05op056.htm   (609 words)

  
 Model (macroeconomics) - Wikpedia   (Site not responding. Last check: 2007-11-06)
A model in macroeconomics is designed to simulate the operation of a national or international economy in terms of factors including the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the general behavior of prices.
Such models are used to generate economic forecasts, and to produce what if scenarios, and are widely used by international organisations, national governments and larger corporations, as well as by economics consultancies and think tanks.
The first global macroecomomic model, Wharton Econometric Forecasting Associates LINK project, was initiated by Lawrence Klein and was mentioned in his citation for the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1980.
www.bostoncoop.net /~tpryor/wiki/index.php?title=Model_(macroeconomics)   (185 words)

  
 American Metal Market: Wharton Econometrics projects domestic steel capacity decline - Wharton Econometrics Forecasting ...
PITTSBURGH--The domestic steel industry's production capacity will fall to 78 million metric tons by the year 2000 and Japan will be relying more on steel imports than exports by the end of the century, according to the latest Wharton Econometrics forecast.
According to John Jacobson, director of basic industries at Wharton Econometrics, United States steel companies are more competitive in world markets now because of cost - cutting measures.
Wharton Econometrics is the new company formed by the merger of Wharton Econometric Forecasting Associates and Chase Econometrics.
www.findarticles.com /p/articles/mi_m3MKT/is_v95/ai_5015593   (490 words)

  
 Conspirators’ Hierarchy: The Story of the Committee of 300 - 10
Wharton attracts clients such as the U.S. Department of Labor—which it teaches how to produce “cooked” statistics at the Wharton Econometric Forecasting Associates Incorpo-rated.
Wharton’s ECONOMETRIC MODELING is used by every major Committee of 300 company in the United States, Western Europe and by the International Monetary Fund, the United Nations and the World Bank.
The institute is supposed to be able to forecast socioeconomic trends and to blow the whistle on any departures from what it has laid down as normal.
www.bibliotecapleyades.net /sociopolitica/esp_sociopol_committee300_10.htm   (3998 words)

  
 PublicTransportation.org :: Recent Reports :: Media Center :: Press Release   (Site not responding. Last check: 2007-11-06)
Global Insight was formed in May 2001, through the union of the two largest and oldest economic forecasting and consulting companies: Data Resources Inc., founded in 1968, and Wharton Econometric Forecasting Associates, founded in 1963.
This increase in disposable income is attributable not only to the increases in income accruing to the construction workers associated with highway construction, but also due to the indirect and induced impacts that result.
The forecasts were supported by a global energy data, modeling and forecasting system.
www.publictransportation.org /media/030513_report.asp   (4027 words)

  
 Turnaround Management - Anderson Bauman Tourtellot Vos & Co:
James F. Smith is a senior fellow and director of the Center for Business Forecasting at The Kenan Institute of Private Enterprise.
His economic forecasts are regularly quoted in USA Today, The Wall Street Journal, The New York Times and other media around the world.
He is also a member and past president of several professional economic associations and is currently co-chair of the European Council of Economists.
www.abtv.com /forecast.htm   (158 words)

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