Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely: Macro-economic forecasts are used extensively in industry and government even though the historical accuracy and reliability is disputed. Prediction markets have proven to successfully forecast the outcome of elections, sport events and product sales.   provide a detailed analysis of forecasts generated from a new prediction market for economic derivatives. The proposed market design is specifically designed to forecast macro-economic variables and differs significantly from previous ones. It solves some of the known problems such as low liquidity and partition-dependence framing effects. By using finance methodology  firstly show that the market is reasonably liquid in order to continuously generate forecasts. Secondly the market forecasts performed ll in comparison to the 'Bloomberg'- survey forecasts. Thirdly forecasts generated by the market fulfill the ak-form forecast efficiency implying that forecasts contained all publicly available information.
['Florian Teschner', 'Stephan Stathel', 'Christof Weinhardt']
I am writing a research paper on a idea A Prediction Market for Macro-Economic Variables
[{"from": "human", "value": "I am writing a research paper on a idea A Prediction Market for Macro-Economic Variables"}, {"from": "gpt", "value": "Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely: Macro-economic forecasts are used extensively in industry and government even though the historical accuracy and reliability is disputed. Prediction markets have proven to successfully forecast the outcome of elections, sport events and product sales.   provide a detailed analysis of forecasts generated from a new prediction market for economic derivatives. The proposed market design is specifically designed to forecast macro-economic variables and differs significantly from previous ones. It solves some of the known problems such as low liquidity and partition-dependence framing effects. By using finance methodology  firstly show that the market is reasonably liquid in order to continuously generate forecasts. Secondly the market forecasts performed ll in comparison to the 'Bloomberg'- survey forecasts. Thirdly forecasts generated by the market fulfill the ak-form forecast efficiency implying that forecasts contained all publicly available information."}]