Iceland Changes In Inventories
Iceland · Quarterly series · EC-IS-IC
Latest, Q2 2026
-15.45B ISK
-32.08B ISK from Q1 2026
Forecast
Forecast for Q2 2027: -12.48B ISK, with an 80% interval of -23.04B ISK to 9.48B ISK.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| Q3 2026 | 12.09B ISK | -6.01B ISK | 34.83B ISK |
| Q4 2026 | -11.31B ISK | -20.39B ISK | 5.99B ISK |
| Q1 2027 | 11.09B ISK | -13.44B ISK | 41.85B ISK |
| Q2 2027 | -12.48B ISK | -23.04B ISK | 9.48B ISK |
AI confidence
Supported evidenceThe point forecast beat the no-change baseline overall and in a majority of the evaluated tests.
Model: Agentic Investor TSFM (foundation model)
- Accuracy vs naive
- +34%Beats the no-change baseline over 8 tests (8 tests, 7 won)
- Direction
- 75%No clear edge over a coin flip (24 of 32 calls right in 8 tests)
- Turning points
- 22 of 22Anticipated most turns (22 turns in 8 tests, 0 without a turn)
- Error vs baseline
- 34% lowerError ratio 0.66; 1.00 is a tie.
- Tests won
- 7 / 8Complete rolling backtests; ties count as no win.
- Test period
- 2018-09-01 to 2026-06-014 observations ahead per test.
- 80% band coverage
- 81%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-15 against the cached history through 2026-06-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Reading
It is above 10% of the 39 earlier readings since Q3 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| Q2 2026 | -15.45B ISK |
| Q1 2026 | 16.63B ISK |
| Q4 2025 | -15.86B ISK |
| Q3 2025 | 21.09B ISK |
| Q2 2025 | -10.94B ISK |
| Q1 2025 | 1.41B ISK |
| Q4 2024 | -15.92B ISK |
| Q3 2024 | 5.23B ISK |
| Q2 2024 | -11.69B ISK |
| Q1 2024 | 3.31B ISK |
| Q4 2023 | -4.65B ISK |
| Q3 2023 | 13.53B ISK |
| Q2 2023 | -17.48B ISK |
| Q1 2023 | 38.51B ISK |
| Q4 2022 | -7.92B ISK |
| Q3 2022 | 17.47B ISK |
| Q2 2022 | -18.89B ISK |
| Q1 2022 | 19.00B ISK |
| Q4 2021 | -3.42B ISK |
| Q3 2021 | 9.98B ISK |
| Q2 2021 | -7.45B ISK |
| Q1 2021 | 5.54B ISK |
| Q4 2020 | -10.01B ISK |
| Q3 2020 | 16.71B ISK |
Source
Data: public market data feeds.
More from Agentic Investor
- Open Iceland Changes In Inventories in the app: the interactive chart and a fresh forecast
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- Vietnam indicators
Also stored for Iceland
- Iceland Asylum Applications
- Iceland Balance Of Trade
- Iceland Bankruptcies
- Iceland Banks Balance Sheet
- Iceland CPI Housing Utilities
- Iceland CPI Transportation
- Iceland Capital Flows
- Iceland Car Registrations
- Iceland Central Bank Balance Sheet
- Iceland Consumer Confidence Index
- Iceland Consumer Price Index
- Iceland Consumer Spending