Economic Forecasting

Download or Read eBook Economic Forecasting PDF written by Graham Elliott and published by Princeton University Press. This book was released on 2016-04-05 with total page 566 pages. Available in PDF, EPUB and Kindle.
Economic Forecasting
Author :
Publisher : Princeton University Press
Total Pages : 566
Release :
ISBN-10 : 9780691140131
ISBN-13 : 0691140138
Rating : 4/5 (31 Downloads)

Book Synopsis Economic Forecasting by : Graham Elliott

Book excerpt: A comprehensive and integrated approach to economic forecasting problems Economic forecasting involves choosing simple yet robust models to best approximate highly complex and evolving data-generating processes. This poses unique challenges for researchers in a host of practical forecasting situations, from forecasting budget deficits and assessing financial risk to predicting inflation and stock market returns. Economic Forecasting presents a comprehensive, unified approach to assessing the costs and benefits of different methods currently available to forecasters. This text approaches forecasting problems from the perspective of decision theory and estimation, and demonstrates the profound implications of this approach for how we understand variable selection, estimation, and combination methods for forecasting models, and how we evaluate the resulting forecasts. Both Bayesian and non-Bayesian methods are covered in depth, as are a range of cutting-edge techniques for producing point, interval, and density forecasts. The book features detailed presentations and empirical examples of a range of forecasting methods and shows how to generate forecasts in the presence of large-dimensional sets of predictor variables. The authors pay special attention to how estimation error, model uncertainty, and model instability affect forecasting performance. Presents a comprehensive and integrated approach to assessing the strengths and weaknesses of different forecasting methods Approaches forecasting from a decision theoretic and estimation perspective Covers Bayesian modeling, including methods for generating density forecasts Discusses model selection methods as well as forecast combinations Covers a large range of nonlinear prediction models, including regime switching models, threshold autoregressions, and models with time-varying volatility Features numerous empirical examples Examines the latest advances in forecast evaluation Essential for practitioners and students alike


Economic Forecasting Related Books

Economic Forecasting
Language: en
Pages: 566
Authors: Graham Elliott
Categories: Business & Economics
Type: BOOK - Published: 2016-04-05 - Publisher: Princeton University Press

DOWNLOAD EBOOK

A comprehensive and integrated approach to economic forecasting problems Economic forecasting involves choosing simple yet robust models to best approximate hig
Handbook of Economic Forecasting
Language: en
Pages: 667
Authors: Graham Elliott
Categories: Business & Economics
Type: BOOK - Published: 2013-08-23 - Publisher: Elsevier

DOWNLOAD EBOOK

The highly prized ability to make financial plans with some certainty about the future comes from the core fields of economics. In recent years the availability
Understanding Economic Forecasts
Language: en
Pages: 236
Authors: David F. Hendry
Categories: Business & Economics
Type: BOOK - Published: 2003 - Publisher: MIT Press

DOWNLOAD EBOOK

How to interpret and evaluate economic forecasts and the uncertainties inherent in them.
Economic Forecasting
Language: en
Pages: 335
Authors: N. Carnot
Categories: Business & Economics
Type: BOOK - Published: 2005-08-12 - Publisher: Springer

DOWNLOAD EBOOK

Economic Forecasting provides a comprehensive overview of macroeconomic forecasting. The focus is first on a wide range of theories as well as empirical methods
Economic Forecasting and Policy
Language: en
Pages: 0
Authors: N. Carnot
Categories: Business & Economics
Type: BOOK - Published: 2011-07-26 - Publisher: Palgrave Macmillan

DOWNLOAD EBOOK

Economic Forecasting provides a comprehensive overview of macroeconomic forecasting. The focus is first on a wide range of theories as well as empirical methods