# Baseline

- Canonical URL: https://www.gerhardmerk.de/baseline
- Post ID: 593663
- Modified: 2023-07-25T20:58:37+00:00
- Language: en

## Definition

The ECB's two-pillar approach to forecasting economic variables. Particularly in the case of the projection of national product, deviations from a probable expected basic direction (uncertainty bands) are taken into account, which increase in width as the forecast horizon increases. - See Bollinger bands. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1