Forecasting non-stationary economic time series
Clements M.P; Hendry D.F
Forecasting non-stationary economic time series - England MIT Press 1999 - xxviii,362 p. 24 cm ; Hard Bound
$35.00
1. Economic Forecasting --
2. Forecast Failure --
3. Deterministic Shifts --
4. Other Sources --
5. Differencing --
6. Intercept Corrections --
7. Modeling Consumers' Expenditure --
8. A Small UK Money Model --
9. Co-breaking --
10. Modeling Shifts --
11. A Wage-Price Model --
12. Postscript.
In their second book on economic forecasting, Michael P. Clements and David F. Hendry ask why some practices seem to work empirically despite a lack of formal support from theory. After reviewing the conventional approach to economic forecasting, they look at the implications for causal modeling, present a taxonomy of forecast errors, and delineate the sources of forecast failure.
978-0262032724
Economics
Time-series analysis
Economic forecasting--Statistical methods
Forecasting non-stationary economic time series - England MIT Press 1999 - xxviii,362 p. 24 cm ; Hard Bound
$35.00
1. Economic Forecasting --
2. Forecast Failure --
3. Deterministic Shifts --
4. Other Sources --
5. Differencing --
6. Intercept Corrections --
7. Modeling Consumers' Expenditure --
8. A Small UK Money Model --
9. Co-breaking --
10. Modeling Shifts --
11. A Wage-Price Model --
12. Postscript.
In their second book on economic forecasting, Michael P. Clements and David F. Hendry ask why some practices seem to work empirically despite a lack of formal support from theory. After reviewing the conventional approach to economic forecasting, they look at the implications for causal modeling, present a taxonomy of forecast errors, and delineate the sources of forecast failure.
978-0262032724
Economics
Time-series analysis
Economic forecasting--Statistical methods