Long-Term Forecasts of Demand for Cars, Selected Consumer Durables, and Energy

In: National Institute economic review: journal of the National Institute of Economic and Social Research, Volume 40, p. 34-35

Abstract

In 1960 and 1961, the National Institute Economic Review published some articles on the car industry, on the demand for certain consumer durables, and on the demand for energy; all of them included forecasts for the years 1965 and 1970. The present article conducts a post-mortem on the performance of these forecasts so far : in particular, it compares the forecasts for 1965 with the actual figures. It then goes on to revise the forecasts for 1970—and in some cases to extend them—taking account of what has happened in the last five years.