ACT Research, publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market, has been invited by the Wall Street Journal to join its consensus economic survey.
The WSJ’s Economic Forecast panel is a group of over fifty leading forecasters and analysts. Every month the panel provides an outlook for over 20 major economic indicators and major policy questions.
This honor was added to one received in Q4’13, when ACT joined the prestigious group of forecasters who contribute to the Blue Chip Economic Indicators, a panel of fifty of America’s top economists.
Ken Vieth, ACT’s Sr. Partner and General Manager, said that ACT has a history of forecast accuracy.
“Examining 2014 market actuals and ACT Research’s forecasts in the three years leading up to December, 2014, ACT won the Triple Crown in accuracy for N.A. Class 8, U.S. trailers, and N.A. Classes 5-7 when benchmarked against peers and others,” he said.
“Over the last three years, all vehicle forecasts were within 10% of the final results, with Class 8 within 5% of the outcome in most months dating from January 2012 to December 2014, or 36 months out. We believe no other forecaster can make that claim.”