This document provides an overview of economic forecasting. It defines forecasting and economic forecasting, and outlines the 7 key steps in the economic forecasting process: 1) determining the forecast's use, 2) identifying items to forecast, 3) setting time limits, 4) collecting data, 5) selecting a forecasting model, 6) estimating the forecast, and 7) making the forecast. It also discusses forecast types, including qualitative vs. quantitative and short, medium, and long-term, as well as common forecasting methods.