Evaluating Econometric Forecasts of Economic and Financial Variables - Couverture souple

Clements, M.

Couverture souple

ISBN 10 : 1403941572 ISBN 13 : 9781403941572

Editeur : Palgrave Macmillan, 2005

Synopsis

Financial econometrics is one of the greatest on-going success stories of recent decades, as it has become one of the most active areas of research in econometrics. In this book, Michael Clements presents a clear and logical explanation of the key concepts and ideas of forecasts of economic and financial variables. He shows that forecasts of the single most likely outcome of an economic and financial variable are of limited value. Forecasts that provide more information on the expected likely ranges of outcomes are more relevant. This book provides a comprehensive treatment of the evaluation of different types of forecasts and draws out the parallels between the different approaches. It describes the methods of evaluating these more complex forecasts which provide a fuller description of the range of possible future outcomes.

A propos du livre

À propos de l'auteur

MICHAEL P. CLEMENTS is an editor of the International Journal of Forecasting, and has co-authored two books on economic forecasting as well as a number of papers in scientific journals. With David F. Hendry he edited A Companion to Economic Forecasting.

Détails de l'édition

• Éditeur: Palgrave Macmillan
• Date d'édition: 2005
• Langue: anglais
• ISBN 10: 1403941572
• ISBN 13: 9781403941572
• Reliure: Broché
• Nombre de pages: 188
• Coordonnées du fabricant: Springer Nature Customer Service Center GmbH; ProductSafety@springernature.com; ; Europaplatz 3,69115 Heidelberg, Germany; Heidelberg; 69115; Allemagne