A Companion to Economic Forecasting provides an accessible and comprehensive account of recent developments in economic forecasting. Each of the chapters has been specially written by an expert in the field, bringing together in a single volume a range of contrasting approaches and views. Uniquely surveying forecasting in a single volume, the Companion provides a comprehensive account of the leading approaches and modeling strategies that are routinely employed.
In this book, Michael Clements presents a clear and logical explanation of the key concepts and ideas of forecasts of economic and financial variables.
In this book, Michael Clements presents a clear and logical explanation of the key concepts and ideas of forecasts of economic and financial variables.
The Handbook of Economic Forecasting Volumes 2A and 2B provide a unique compilation of chapters giving a coherent overview of forecasting theory and applications in one place and with up-to-date accounts of all major conceptual issues.
clark. and. michael. w. mccracken. 1. Introduction . ... To do so, we use the information available to us, in the form of historical values of ys, and other variables xs = (x1,s,...,xk,s), s = 1,...,T, to form a prediction ...
This book is an exceptional reference for readers who require quick access to the foundation theories in this field. Chapters are organized to provide clear information and to point to further readings on the subject.
... A Companion to Economic Forecasting emphasises just how widespread fore- casts are—whether as ex ante or ex post forecasts, or as “projections”, alterna- tive simulations, or policy scenarios. As such ... Forecasting 4.1 Making Forecasts.
LR; sequential test (each at 5% level), FPE: final prediction error, AIC: Akaike information criterion, SC: Schwarz, HQ: Hannan-Quinn Table 6.10.1: Choice of the appropriate lag length p through information criteria Let us start by ...
... Business and Economic Statistics 10, 229–235. Newbold, P. and D.I. Harvey (2002), Forecast combination and encompassing, in M.P. Clements and D.F. Hendry (eds.), A Companion to Economic Forecasting, Blackwell Publishing, pp. 268–283 ...
With a new author team contributing decades of practical experience, this fully updated and thoroughly classroom-tested second edition textbook prepares students and practitioners to create effective forecasting models and master the ...
... Economic forecasting, vol. I. Cheltenham: E. Elgar. Mills, T. C. ed. 1999b. Economic forecasting, vol. II. Cheltenham: E. Elgar. Mills, T. C. 2002. Forecasting financial variables. In A companion to economic forecasting, ed. M. P. ...