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Anurag Agarwal , Senior Manager - Corporate Advisory , Baker Tilly International
It is useful as in gives us the head start as to what the potential result or the outcome could be, assuming the other economic conditions remains the same. Also, we can apply various sensitivity analysis to the forecast to arrive at the optimistic and pessimistic scenarios. This would allow us to arrive at the best case scenario for our purpose. Without any forecasts, it will be really difficult to analyze any potential future outcome. Please correct me if I am wrong.
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Dr. Bilal Ahmed , Senior Economist & M&E Expert , Pakistan Institute of Labour Education & Research (PILER)
it is useful, but the main issue is method or technique used for forecast, during downtrun it could tele us the lowest point of trend and it would explains that how we can arrange the linked indicators and what would be the effect of one variable on other. in general, the past three years trends cause to explains the next figures and in first year of economic downtrun it remains difficult to forecast the next couple of decreasing trends but it is still addressable by VAR and Error Correction Model by examing the breakeven postion: finally it is general question it has many if and but(s), becasue of several technical issues
