Unemployment Forecasting (Hansard, 15 May 1978)

§ Mr. Lawrence
asked the Chancellor of the Exchequer whether the Treasury computer
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the same definitions as the Written Answer on 9th May and are consistent with the tables in the FSBR, 1978–79. Figures for the calendar year 1978 would be close to those for the financial year.
has the technical capacity for using the Cambridge model on unemployment forecasting currently being used by Warwick University on behalf of the Manpower Services Commission.

§ Mr. Denzil Davies
Yes.

§ Mr. Lawrence
asked the Chancellor of the Exchequer whether the Treasury has a copy of the Cambridge model currently being used for forecasting unemployment by Warwick University.

§ Mr. Denzil Davies
The Treasury has a copy of an early version of the Cambridge model which forms the basis of Warwick University's work. The university, however, has developed and extended the model considerably.