This forecast is part of the continuing research of the University of California, Los Angeles, Business Forecasting Project in the Graduate School of Business Administration. More information about this program is contained in an article by WilliamsR. M.MoodyH. T., “Forecasting Gross Regional Product for Southern California,”California Management Review, Fall 1965. Part of this program was supported by a grant from the National Science Foundation for “An Interregional Analysis of the U.S. Economy.”
2.
The model was developed by H. T. Moody and F. W. Puffer. It is not the intention in this article to discuss the structure of the model in detail. On request, interested readers may obtain a mimeographed paper containing a more complete description of the model, including a list of the equations and an analysis of forecasting errors.
3.
The model uses changes from the 1966 level to the 1967 level as inputs, so some data are provided as the expected change rather than absolute levels for the two years.
