Forecasting Economic Time Series
Language: English
Published by Cambridge University Press, 1998
- Softcover
- New
Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH
AbeBooks seller since August 14, 2006
Condition: New
£ 87.17
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Add to basketItem description from seller
Druck auf Anfrage Neuware - Printed after ordering - This book provides a formal analysis of the models, procedures, and measures of economic forecasting with a view to improving forecasting practice. David Hendry and Michael Clements base the analyses on assumptions pertinent to the economies to be forecast, viz. a non-constant, evolving economic system, and econometric models whose form and structure are unknown a priori. The authors find that conclusions which can be established formally for constant-parameter stationary processes and correctly-specified models often do not hold when unrealistic assumptions are relaxed. Despite the difficulty of proceeding formally when models are mis-specified in unknown ways for non-stationary processes that are subject to structural breaks, Hendry and Clements show that significant insights can be gleaned. For example, a formal taxonomy of forecasting errors can be developed, the role of causal information clarified, intercept corrections re-established as a method for achieving robustness against forms of structural change, and measures of forecast accuracy re-interpreted.…
Seller Inventory # 9780521634809
- Title
- Forecasting Economic Time Series
- Author
- David Hendry
- Publisher
- Cambridge University Press
- Publication year
- 1998
- Condition
- Neu
- Binding
- Taschenbuch
- Language
- English
- ISBN 10
- 0521634806
- ISBN 13
- 9780521634809
- Item weight
- 635 grams
- Dimensions
- 229x152x23 mm
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