Who are we measuring? Most of the usual suspects: ANZ, Westpac, CBA, Citi & Macquarie. In addition, there's my team, a small group of dedicated individuals who combine fundamental economic analysis with the reading of goat's entrails to arrive at their forecasts. Finally there's the control group: No Change - a forecast that simply assumes that will stay where they are. X This could be the Greek letter Xi, representing a randomly generated set of forecasts. Alternatives, it could the forecasts of the artist formerly know as Prince. GR stands for Guy Regular, aka Joe Average. It's a simple average of the other forecasters.
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