Share this post
FaceBook  Twitter  

In June 2006, the City of Tampa, Florida developed forecasts for residential and non-residential square foot development within its Channel District. These forecasts were used as the basis for recommendations regarding the allocation of tax revenues for various infrastructural and public facilities projects. Did the audit by the City of Tampa follow proper forecasting methodology? A forecasting audit conducted by three Wharton students analyzed the projections. It suggested that many improvements are needed in the forecasting process, perhaps the major one being transparency.

Amar, V., Hsu, F., Shiah, H. (2010). Residential and non-residential development forecasts in the Channel District of Tampa, Florida: A public policy forecasting audit.