Business & Economics Books:

Evaluating Econometric Forecasts of Economic and Financial Variables

Format

Paperback / softback

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Evaluating Econometric Forecasts of Economic and Financial Variables by M. Clements
$106.99
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Description

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 variable. 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.

Author Biography

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.
Release date NZ
January 12th, 2005
Author
Country of Publication
United States
Edition
2005 ed.
Illustrations
6 Illustrations, black and white; XIII, 173 p. 6 illus.
Imprint
Palgrave Macmillan
Pages
173
Dimensions
140x216x10
ISBN-13
9781403941572
Product ID
1640441

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