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Reference: D Hendry and M Clements, (2001). Economic forecasting : some lessons from recent research. European Central Bank.Citable link to this page:

 

Economic forecasting : some lessons from recent research. Series: Working Paper Series

Abstract: This paper describes some recent advances and contributions to our understanding of economic forecasting. The framework we develop helps explain the findings of forecasting competitions and the prevalence of forecast failure. It constitutes a general theoretical background against which recent results can be judged. We compare this framework to a previous formulation, which was silent on the very issues of most concern to the forecaster. We describe a number of aspects which it illuminates, and draw out the implications for model selection. Finally, we discuss the areas where research remains needed to clarify empirical findings which lack theoretical explanations.

Bibliographic Details

Issue Date: 2001-10Identifiers

Urn: uuid:c5d4c303-5e4a-4f97-a1e4-279b33f7342e Item Description

Type: info:eu-repo/semantics/workingPaper;

Language: en

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Autor: D Hendry - - - M Clements - - - - Bibliographic Details Issue Date: 2001-10 - Identifiers Urn: uuid:c5d4c303-5e4a-4f97-a1e4-279b3

Fuente: https://ora.ox.ac.uk/objects/uuid:c5d4c303-5e4a-4f97-a1e4-279b33f7342e



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