Wharton Econometric Forecasting Associates
Wharton Econometric Forecasting Associates, Inc (WEFA Inc) was an economics forecasting and consulting organization founded by Nobel Prize winner Lawrence Klein.
| Industry | Economic forecasting and consulting |
|---|---|
| Founded | 1969 |
| Headquarters | Philadelphia, Pennsylvania, United States |
Key people | Lawrence R. Klein, Michael D. McCarthy |
WEFA Inc was a spinoff of the Wharton School of the University of Pennsylvania, where Klein taught. WEFA Inc traced an interesting path (see below for full details) from its predecessor in 1961 (the Economic Research Unit, discussed below), its initial launch in 1969 (as Wharton Econometric Forecasting Associates Inc), to its ultimate merger with DRI (formerly Data Resources Inc.) forming Global Insight in 2001, and subsequent to that, Global Insight's acquisition in 2008 by IHS Inc.
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