Ex- ante forecast

Answer 1

An ex-ante forecast is a prediction of future events or conditions made before they actually occur. It is based on data and assumptions available at the time the forecast is made. Ex-ante forecasting is often used in business, economics, and government policy to estimate the expected outcomes of certain decisions or actions. Such forecasts are important in decision-making, budgeting, and planning processes as they provide a basis for making informed and rational decisions. However, ex-ante forecasts are subject to errors and uncertainties, and their accuracy depends on the quality of the data and assumptions used.