outturn


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outturn

The sum total of an enterprise’s production—e.g., of widgets for a year; net profit/finances at the end of a year.
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Forecasts and outturns for the UK IMF NIESR Naive outturn 1993 1.4 2.0 -0.5 1.9 1994 2.5 2.9 1.9 3.9 1995 3.2 3.5 3.9 2.5 1996 2.2 2.3 2.5 2.4 1997 3.3 2.6 2.4 3.1 1998 2.3 1.9 3.1 2.1 1999 0.7 1.2 2.1 2.1 2000 3.0 2.8 2.1 3.0 2001 2.6 2.4 3.0 2.2 2002 2.0 1.8 2.2 1.8 2003 2.0 2.2 1.8 2.2 2004 3.5 3.0 2.2 3.1 2005 2.6 2.7 3.1 1.8 2006 2.5 2.5 1.8 2.7 2007 2.9 2.6 2.7 3.0 Table 2.
The second naive alternative involves a comparison of the forecast for next year with the first reported outturn for the year (T-1) in which the forecast was made.
It said: "While the group anticipates that the first half will be in line with its expectation, a degree of downside risk exists in the second half of the year which could adversely affect the full-year outturn." The group, which will announce its interim results on May 11, saw its revenues rise in the last three months of 2009, but earnings fell as the company incurred more than pounds 1m of upgrade costs.
Alongside these are errors resulting from a feasible naive, or random walk, forecast, based on the last available forecast based estimate for growth in year t-1 that was made in year t-1 (see Pain et al., 2001) and an (infeasible) naive, or random walk, forecast that simply takes the outturn for the previous year, t-1, as the forecast for year t.
2017-18 Provisional Outturn Scotlands local authorities provisional outturn total net revenue expenditure is 12.008 billion.
If [[beta].sub.2] + [[beta].sub.3] = 0, then the current forecast is influenced only by the unexpected component of the estimated outturn in the four quarters ended N-1, i.e., the component that was not forecast two quarters earlier.
Forecast scores 1997 to 2004 (head to head against first outturn (a), NIESR score reported second) Budget surplus Output Inflation Next Next Current FY(e) Next HMT Budget (b) 4:2 4:1 6:2 4:3 Pre-Budget (c) 3:4 1:5 4:4 3:3 Bank May (b) 2:4 3:3 NA NA Nov (c) 3:3 1:5 NA NA IFS Green Budget (d) NA NA 5:3 2:5 PSNB Current FY (e) Next HMT Budget (b) 5:3 4:3 Pre-Budget (c) 3:5 4:3 Bank May (b) NA NA Nov (c) NA NA IFS Green Budget (d) 3:5 5:02 Notes: (a) For output this is taken from ONS Quarterly National Accounts published in March of the following year.
Economists said April's retail sales figure was clearly strong, but had to be balanced by the poor March outturn, which was the weakest monthly performance in almost a year.
In terms of public finances, forecasts for the general government balance have been revised upwards, partly reflecting a better than expected outturn in 2017.
Mr Keane said he was comfortable with analysts' projections for a full year outturn of around pounds 614 million.
From time to time the Institute has published in the Review assessments of its economic forecasts based on statistical analysis of their relation with the outturn data.
I am also pleased to note that the fiscal performance for the first nine months of this year is better than the Budget projections for the same period, auguring well for the end-of-year fiscal outturn.