Box sets » Fan charts

Economic and fiscal outlook - October 2021 | Box: 4.2 | Page: 194

Using stochastic simulations to produce fan charts

Chart 4.C: 10,000 simulations of current balance and change in PSND in 2024-25

We illustrate the uncertainty around our forecasts using a variety of approaches. This box described using stochastic simulations to produce fan charts, which could be used to enhance presentation of uncertainty in future EFOs, and showed some experimental results.

Fiscal categories: Public sector net debt

Cross-cutting categories: Fan charts, Uncertainty

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