Bibliography: p. 18

Presents an insight into the approaches and broad techniques used in forecasting and the difficulties faces in achieving robust and credible forecasts. Highlights the major constraints to econometric forecasting. Observes the unpredictability of a number of exogenous variables that are outside the control of the local economy but which impact significantly on small open economies such as the Caribbean economies. Underscores the need for governments to rectify their data collection, processing and integration regimes to provide the type of information that would be useful to a wide variety of studies.

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