Bespoke Global Forecasting Service
MEF makes available its global macro forecasting model MGEM to produce tailored macro forecasts with the key inputs coming from clients themselves.MEF offers two bespoke global forecast products according to how involved subscribers wish to be in shaping their bespoke forecast:
Standard Bespoke Forecast
- where the subscriber just wishes to input forecast projections for the key inputs ie commodity prices & major interest
& exchange rates;
Full Bespoke Forecast
- where the subscriber wishes to input both the key forecast projections above
and
exogenous/policy projections
for individual OECD economies;
The first basic service is aimed at clients who wish to have a personalised global forecast but do not have the resources to provide exogenous/policy projections for all OECD/Asian economies. The "Full" service is aimed at those looking to outsource the grind of producing an in-house model-based global macro forecast; subsribers can input exogenous/policy projections for all OECD/Asian economies should they require this. Regional/country experts can work simultaneously,inputting their exogenous/policy forecast projections into a common Excel workbook used collaboratively; this is then e-mailed to MEF for forecast processing.
Model Properties
In order to understand some of the underlying global model properties, MEF recommends that bespoke forecast subscribers inpsect the simulation properties of the MGEM across a range of standard (deterministic) simulation experiments. This will assist bespoke forecast clients in understanding what is driving the variations in macroeconomic outcomes evident in forecast scenarios run from their bespoke central forecast.
Potential clients can request more information or subscription details by A MEF economist will then contact you to discuss your needs in more detail.
Bespoke forecast subscribers can also subscribe to the On-Line Scenario Service which allows bespoke forecast subscribers to access their bespoke forecast on-line in order to run instant DIY macroeconomic scenarios. eg to explore the senstivity of their bespoke forecast projections to a range of potential economic shocks.