Definition
Forecasters have consistently underestimated how willing U.S. consumers are to spend their money regardless of high prices and interest rates pressuring household budgets.Hotter-than-expected consumer spending has kept the economy growing, boosted the job market, and stoked inflation beyond expectations. Consumers are apparently not cutting back on things like dining out, defying the expectations
In Panel Profits
In the Panel Profits market platform, Why Have Forecasters Underestimated The US Economy Lately? applies standard financial concepts principles to comic assets and physical collections.
Common mistakes
Do not infer unobserved prices.