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Are there any industrial sectors where economic forecasting is still viable based on this assumption (...

  1. Are there any industrial sectors where economic forecasting is still viable based on this assumption ( the economic forecasts are valid assuming that all things remain the same ) or has our
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There are industrial sectors such as capital goods producing industries where the economic forecasting is still used and it is viable under the certain assumptions. Here, one of the assumption is to make other things remains constant or same. It means that some of the factors will not be changed to make the forecasting to be accurate. It makes economic forecasting to be valid, because the market is not 100% efficient even if there is a formation of information society. Due to the some inefficiency in the market, it is possible to correctly evaluate demand. Further, the capital goods industry has its demand that is derived on B2B basis that remains stable and derived over a period of time. Hence, economic forecasting can be done by this industry.

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