Model card · v1.0

External institutional forecast tracking

Watches whether a body like the EIA will move its own published forecast up or down at its next release, based on what has happened since it last locked its data.

What a model card is forThis page exists so any Warconomy forecast produced by this model can be audited: what it assumes, where it breaks, how its uncertainty is built, and what simple baseline it must beat to be worth running. Forecasts are decision-support, not advice.

At a glance

Model IDexternal-forecast-tracking-v1
Version1.0
Method familyanalyst override
Intended useTrack whether a named institution's own published forecast for a defined variable is revised in a stated direction by its next scheduled release, and whether the observed outcome falls inside its stated range.
Update cadencemonthly
Analyst judgmentYes — a human sets or adjusts key parameters (see below)
Forecasts using it2

Assumptions

  • The institution publishes on its announced schedule.
  • Its published forecast reflects information available up to its own stated cutoff — so evidence emerging after that cutoff is genuine new information about the likely revision direction.

Known weaknesses and failure conditions

  • Predicting a forecaster's revision is not the same as predicting the underlying variable, and must never be presented as such.
  • Institutions occasionally change methodology between releases, which can move a published number for reasons unrelated to the world changing.
  • Highly sensitive to events landing in the gap between the institution's cutoff and its publication date.

How uncertainty is built

Direction-of-revision expressed as a coarse probability band; any accompanying level range is a plausible-range bracket around the institution's own published central value, never Warconomy's independent price model.

Validation and baseline comparison

Resolved directly against the institution's next published release. Baseline: 'no revision' (assume the institution repeats its prior figure).

Model change history

VersionChange
1.0Initial production release of this model card, issued with Warconomy's first forecast portfolio.

Model versions are immutable. A material methodology change produces a new version, and forecasts issued under the old version keep pointing at the version that produced them.

Forecasts produced by this model

Related

All forecasting methods · Responsible forecasting policy · Active forecasts · Track record