{"id":2293332,"date":"2024-07-12T09:20:06","date_gmt":"2024-07-12T13:20:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ifo-self-analysis-finds-no-clear-bias-in-prediction-errors-washington-examiner\/"},"modified":"2024-07-12T09:25:17","modified_gmt":"2024-07-12T13:25:17","slug":"ifo-self-analysis-finds-no-clear-bias-in-prediction-errors-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ifo-self-analysis-finds-no-clear-bias-in-prediction-errors-washington-examiner\/","title":{"rendered":"IFO self-analysis finds \u2018no clear bias\u2019 in prediction errors – Washington Examiner"},"content":{"rendered":"

24<\/div>SHARES<\/span><\/div>

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The Independent Fiscal \u200dOffice conducted a self-analysis and found that its state revenue projections<\/a> were mostly \u2064accurate. In the fiscal year 2022-23<\/a>, there \u2063was\u200b a 6.1% difference from \u2064actual revenues, \u2062but in 2023-24, the \u200cdifference was only 0.6%. The pandemic made predictions more challenging, but the \u200dlast \u200bfiscal year was the closest\u2064 forecast since 2017-18.\u2064 The\u2063 IFO analysis highlighted that for four out\u200c of\u2064 twelve \u2064fiscal years, their estimates\u2064 were very\u200c close to actual revenues. <\/p>\n

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