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Long-Term Forecasts of Demand for Cars, Selected Consumer Durables, and Energy

Published online by Cambridge University Press:  26 March 2020

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Extract

In 1960 and 1961, the National Institute Economic Review published some articles on the car industry, on the demand for certain consumer durables, and on the demand for energy; all of them included forecasts for the years 1965 and 1970. The present article conducts a post-mortem on the performance of these forecasts so far : in particular, it compares the forecasts for 1965 with the actual figures. It then goes on to revise the forecasts for 1970—and in some cases to extend them—taking account of what has happened in the last five years.

Type
Research Article
Information
National Institute Economic Review , Volume 40 , May 1967 , pp. 34 - 35
Copyright
Copyright © 1967 National Institute of Economic and Social Research

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Footnotes

The section on home demand for cars was prepared by C. St. J. OHerlihy, now of the Faculty of Economics and Politics, Cambridge; the section on world demand for cars, and the consequent demand for British exports was prepared by G. Fane, of the National Institute. The section on consumer durables was prepared by K. M. Gwilliam of the University of East Anglia. The section on energy was prepared by G. F. Ray, of the National Institute.

References

note (1) page 34 Prospects for the British car industry, L. A. Dicks- Mireaux, C. St. J. OHerlihy, R. L. Major, F. T. Blackaby and C. Freeman, September 1961, no. 17. C. St. J. OHerlihy subsequently published a revised version, Demand for cars in Great Britain, Applied Statistics, Vol. XIV, Nos. 2 and 3, 1965.

The demand for domestic appliances, L. Needleman, November 1960, no. 12.

Energy and expansion, G. F. Ray and F. T. Blackaby, September 1960, no. 11. A revised version of the forecast table was given in November 1960, no. 12, page 23.