Riverside Convention Center
Hosted by ORCO Block & Hardscape in conjunction with BIA Riverside, the forecast utilizes the Chapman Econometric Model to analyze the Inland Empire, state of California, and the U.S. economies to provide local businesses and organizations with the information they need to make more effective planning and investment decisions for their businesses. Chapman’s real GDP forecasts were more accurate than the forecasts issued by all 30 agencies participating in the Blue Chip Economic Indicators surveys. The Chapman forecast model also outperformed the highly regarded Blue Chip Consensus forecast.
Hear answers to questions that impact your business:
- How Will Tax Reform Impact My Business?
- Is Now The Time To Pull Back? Or Invest?
- Has Construction Activity Peaked?
- Where are Interest Rates Headed?
- Will Residential Home Prices Keep Rising?
- What Does the Trade War with China Mean?
The Chapman University Economic Forecast is an important tool for the local business community. The Forecast covers:
- Inland Empire, California & U.S.
- Interest Rate Projections
- Employment Trends
- Housing Prices
- Construction Activity
As done in the past, a comprehensive assessment of the accuracy of the last year’s forecast will be presented. The growing recognition of the Anderson Center’s activities help explain why its research results are quoted in the:
- Wall Street Journal
- New York Times
- Bloomberg Business Week
- Time Magazine
- Press Enterprise
- San Bernardino Sun
- Los Angeles Times
- Orange County Register
The Economic Forecast is recognized for its statistical accuracy. Between 2004 and 2016, Chapman’s real GDP forecasts were more accurate than the forecasts issued by all 22 agencies participating in the Blue Chip Economic Indicators surveys. Chapman also ranked #1 for its forecasts of four variables that significantly influence the overall U.S. economy: real GDP, the unemployment rate, inflation (as measured by the GDP price deflator), and housing starts. Over the most recent 10-year period from 2007 through 2016, Chapman stood at #2 in both the real GDP and four-variable forecast rankings. Learn More.
Dr. James L. Doti, President Emeritus and Donald Bren Distinguished Chair of Business and Economics
James Doti earned his B.S. degree in economics from the University of Illinois, Chicago, and his M.A. and Ph.D. degrees from the University of Chicago.
He was appointed president of Chapman University in 1991 and served for 25 years. In September 2016, he returned to the Chapman faculty. He holds the Donald Bren Distinguished Chair in Business and Economics.
Dr. Doti joined the Chapman faculty in 1974. In 1978, he founded the A. Gary Anderson Center for Economic Research to provide data, facilities and support to encourage faculty and students to engage in research of high quality, and to widely disseminate the results. The Center’s inaugural Orange County Forecast, presented in December 1978, was the first economic forecast in the U.S. to be based on an urban econometric model.
The Economic Forecast has continued to be a main focus of the Anderson Center’s work, growing in scope and widely recognized for its statistical accuracy. Over the 2004 through 2014 period, Chapman’s real GDP forecasts were more accurate than the forecasts issued by all 30 agencies participating in the Blue Chip Economic Indicators surveys. The Chapman forecast model also outperformed the highly regarded Blue Chip Consensus forecast.
Dr. Doti’s articles have appeared in academic journals as well as periodicals such as The Wall Street Journal and The Chronicle of Higher Education. His frequent op-eds appear in the Orange County Register, and he is a regular columnist for Orange County Business Journal. He is also the co-author of two econometrics texts and co-editor of a collection of readings in free enterprise that received the Templeton Honor Award for Scholarly Excellence.
Dr. Doti is a recipient of the Horatio Alger Award and the Ellis Island Medal of Honor.
He has completed 60 marathons and climbed five of the world’s famed Seven Summits. He is also an avid reader and writer. His first children’s book, A Christmas Adventure in Little Italy, was published in 2010 and became a Sons of Italy Book Club selection. His second, Jimmy Finds His Voice, came out in January 2013. The final installment of the “Jimmy Trilogy,” I Love You This Much, Nonna, is forthcoming in 2017.
12 p.m. – Registration
2 p.m. – Presentation
Parking is available at LOT 33 on 3698 Third Street, Riverside, CA 92501.
RECEPTION to follow.
Sponsored by ORCO Block & Hardscape and BIA Riverside