Economic Landscape Forecasting Using Diverse Tools

As an investment advisor with a focus on high-net-worth individuals, you are required to provide insights into the potential economic landscape for the next five years. Your firm emphasizes the importance of utilizing various forecasting tools to make informed decisions regarding asset allocation. Discuss how you would leverage specific forecasting tools to analyze key economic indicators such as GDP growth, unemployment rates, and inflation expectations. In your response, evaluate the strengths and weaknesses of at least two forecasting methods, and how they might influence investment strategies.