Understanding Economic Forecasts
Language: English
Published by The MIT Press, Cambridge Massachusetts, 2001
- Hardcover
- Used
Seller: James Lasseter, Jr, Brooksville, FL, U.S.A.James Lasseter, Jr
AbeBooks seller since October 19, 2006
Condition: Used - As new
£ 13.96
Quantity: 1 available
Add to basketItem description from seller
Volume itself has black covers with sharp gold lettering on the spine. The work has a small remainder mark on the bottom of the pages (a circle T in black), this is the only limiting factor that I am able to find, otherwise the book is mint and would grade new. Dust jacket is protected in an archival quality Brodart cover. Clean, fresh, tight and bright. A very nice unused copy.
Seller Inventory # 0003959
- Title
- Understanding Economic Forecasts
- Author
- Henry, David F. & Ericsson, Neil R.
- Publisher
- The MIT Press, Cambridge Massachusetts
- Publication year
- 2001
- Condition
- As New
- Dust jacket
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0262083043
- ISBN 13
- 9780262083041
Historically, the theory of forecasting that underpinned actual practice in economics has been based on two key assumptions--that the model was a good representation of the economy and that the structure of the economy would remain relatively unchanged. In reality, forecast models are mis-specified, the economy is subject to unanticipated shifts, and the failure to make accurate predictions is relatively common.
In the last decade, economists have developed new theories of economic forecasting and additional methods of forecast evaluation that make less stringent assumptions. These theories and methods acknowledge that the economy is dynamic and prone to sudden shifts. They also recognize that forecasting models, however good, are greatly simplified representations that will be incorrect in some respects. One advantage of these newer approaches is that we can now account for the different results of competing forecasts.
In this book academic specialists, practitioners, and a financial journalist explain these new developments in economic forecasting. The authors discuss how forecasting is conducted, evaluated, reported, and applied by academic, private, and governmental bodies, as well as how forecasting might be taught and what costs are induced by forecast errors. They also describe how econometric models for forecasting are constructed, how properties of forecasting methods can be analyzed, and what the future of economic forecasting may bring.
"Synopsis" may belong to another edition of this title.
About the Author
"About the title" may belong to another edition of this title.
James Lasseter, Jr
Brooksville, FL, U.S.A.
AbeBooks seller since October 19, 2006
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James Lasseter, Jr 26115 Dan Brown Hill Road Brooksville, Fl 34602 352-796-8735
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Signed Nonfiction books Americana, Western Americana, (352) 796-8735, Americana. General.Seller's business information
James Lasseter, Jr
FL, U.S.A.
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