One was in helping us understand the implications of the much tighter credit conditions in 2008 and 2009. And the other has been helping us understand the scale and the timing of the pick-up in investment in the resources sector.
In both cases, our liaison  4  BIS Review 167/2010  provided us with valuable information that was not available elsewhere and had a significant role in shaping our forecasts. So that in a nutshell is how we go about forecasting. It is a combination of judgement, formal models and liaison.