The Western Blue Chip Economic Forecast, which now incorporates the Arizona Blue Chip Forecast, focuses on the changing economies of 12 Western states: Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Western employs the proven accuracy of the consensus forecasting method brought to prominence by the late Robert J. Eggert, often referred to as the "Sage of Sedona." Forecasts are compiled by website editor Lee McPheters, research professor of economics in the W. P. Carey School of Business, who has studied the Western region for over two decades.

The study had three main goals: (1) to assess the vulnerability of groundwater-dependent agriculture to climate variability, (2) to identify historical and current processes of adaptation to the vagaries of climate in the region— these refer to both system wide adaptations and individual farmer’s adaptations, and, (3) to assess the use of and needs for seasonal climate forecast information in agricultural decision making. The report is targeted at institutional stakeholders (i.e., agricultural extension personnel), physical scientists (particularly climatologists), and policymakers (at the level of NOAA and other federal agencies). Specific recommendations are made to these groups in order to improve the delivery of seasonal forecasts, set research priorities, and inform public policy.