Bio
Art Kleiner
Art Kleiner is the editor-in-chief of strategy+business, the award-winning quarterly management magazine published by Booz & Company. His published books include The Age of Heretics: A History of the Radical Thinkers Who Reinvented Corporate Management and Who Really Matters: The Core Group Theory of Power, Privilege, and Success.
He is a writer, lecturer and commentator, with a background in business management, interactive media, corporate environmentalism, education, scenario planning, and organizational learning. As the editorial director of the best-selling Fifth Discipline Fieldbook series with Peter Senge, he was a coauthor of Schools That Learn and The Dance of Change.
As a lecturer or educator, he has been associated with groups that include the Shambhala Institute Authentic Leadership program, the MIT Center for Organizational Learning, Global Business Network, and the United Nations AIDS in Africa scenario project.
Encyclopædia Britannica Article
- economic forecasting
Prediction of future economic activity and developments. Economic forecasts, which range from a few weeks to many years, are widely used in business and government to help formulate policy and strategy. Macroeconomic forecasts predict the course of the aggregate economy and concentrate on variables such as interest rates, the rate of inflation, and the rate of unemployment. Forecasts of private consumption and investment, government expenditures, and net exports help government policymakers responsible for fiscal policy. For example, part of the justification for a change in taxes is a forecast of its economic effects. Microeconomic forecasts are designed to project the effects of change at the level of an industry or a firm. Most microeconomic forecasts begin with assumptions about the aggregate economy before focusing on the projected effects in the specific sector that is of interest. Manufacturers and retailers use such forecasts to formulate business plans such as those involving inventory, production levels, or hiring.
- economic forecasting on britannica.com
© 2010 Encyclopædia Britannica, Inc.
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