Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.

In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.

Aggregate statistics can sometimes mask important information.

There are various estimates about the third quarter impact. Our CEA (Council of Economic Advisers) numbers are somewhere between a half and one percentage point on growth. That would still probably leave us at a decent rate of growth for the third quarter.

There are various estimates about the third quarter impact, ... Our CEA (Council of Economic Advisers) numbers are somewhere between a half and one percentage point on growth. That would still probably leave us at a decent rate of growth for the third quarter.

In the tradition of national income accounting, economic policymakers have typically focused on variables such as income, wealth, and consumption.