consensus forecasting

Consensus forecasting is a method used to predict future events, such as economic growth or financial market performance, by combining opinions from multiple experts or sources. Instead of relying on a single prediction, it averages or summarizes different forecasts to create a more balanced and reliable estimate. This approach reduces individual biases and provides a collective perspective, helping businesses, policymakers, and investors make informed decisions based on the most agreed-upon outlook. In essence, it reflects the general agreement among knowledgeable analysts about what is likely to happen in the future.