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Reference: Michael P Clements and David F Hendry, (2005). Evaluating a Model by Forecast Performance. Oxford Bulletin of Economics and Statistics, 67 (s1), 931 - 956.Citable link to this page:

 

Evaluating a Model by Forecast Performance.

Abstract: Although out-of-sample forecast performance is often deemed to be the gold standard of evaluation, it is not in fact a good yardstick for evaluating models in general. The arguments are illustrated with reference to a recent paper by Carruth, Hooker and Oswald [Review of Economics and Statistics (1998), Vol. 80, pp. 621-628], who suggest that the good dynamic forecasts of their model support the efficiency-wage theory on which it is based.

Bibliographic Details

Host: Oxford Bulletin of Economics and Statisticssee more from them

Issue Date: 2005Identifiers

Doi: https://doi.org/DOI: 10.1111/j.1468-0084.2005.00146.x

Urn: uuid:c4b4b350-5cc8-4ec7-8a90-74c0cf7bd7b2 Item Description

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

Language: en

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Autor: Michael P Clements - - - David F Hendry - - - - Bibliographic Details Host: Oxford Bulletin of Economics and Statistics see more

Fuente: https://ora.ox.ac.uk/objects/uuid:c4b4b350-5cc8-4ec7-8a90-74c0cf7bd7b2



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