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Item Details
| Title:
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EVALUATING ECONOMETRIC FORECASTS OF ECONOMIC AND FINANCIAL VARIABLES
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| By: |
Michael P. Clements |
| Format: |
Electronic book text |
| List price:
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£75.60 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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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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