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Item Details
Title: EVALUATING ECONOMETRIC FORECASTS OF ECONOMIC AND FINANCIAL VARIABLES
By: Michael P. Clements
Format: Electronic book text

List price: £75.60


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ISBN 10: 0230596142
ISBN 13: 9780230596146
Publisher: PALGRAVE MACMILLAN
Pub. date: 21 January, 2005
Series: Palgrave Texts in Econometrics
Synopsis: In recent years there has been a growing recognition that forecasts of the single most likely outcome of the future value of an economic or financial variable may often be of limited value. A government policy maker or an individual investor would generally be interested in knowing the degree of uncertainty that the forecaster attaches to the point forecast, before deciding whether to increase interest rates or buy a particular share. As a result, it has become increasingly common for producers of forecasts to provide more information on the expected likely ranges of future outcomes, whether in the form of interval forecasts, or by reporting probability distributions. This book describes methods of evaluating such forecasts.
Publication: UK
Imprint: Palgrave Macmillan
Returns: Non-returnable
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