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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Evaluating Econometric Forecasts of Economic and Financial Variables

Evaluating Econometric Forecasts of Economic and Financial Variables

Clements, M.

Hardcover

Series: Palgrave Texts in Econometrics

Economics

ISBN10: 1403941564
ISBN13: 9781403941565
Publisher: Springer Nature
Published: Jan 21 2005
Pages: 173
Weight: 0.81
Height: 0.50 Width: 5.50 Depth: 8.50
Language: English
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.

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