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A History Of Revenue Forecasts, Mark Rider
A History Of Revenue Forecasts, Mark Rider
Faculty and Research Publications
Feenberg et al. (1989) apply a simple regression-based method to test the rationality of state revenue forecasts. Using the same regression-based methodology, we test the rationality of federal revenue forecasts for fiscal year 1802 through 2001. We find that Treasury forecasts of federal revenues satisfy the conditions of weak rationality.