Journal article
Evaluating a model by forecast performance
- Abstract:
- Although out-of-sample forecast performance is often deemed to be the ‘gold standard’ of evaluation, it is not in fact a good yardstick for evaluating models in general. The arguments are illustrated with reference to a recent paper by Carruth, Hooker and Oswald [Review of Economics and Statistics (1998), Vol. 80, pp. 621��628], who suggest that the good dynamic forecasts of their model support the efficiency-wage theory on which it is based.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
Actions
Access Document
- Publisher copy:
- 10.1111/j.1468-0084.2005.00146.x
Why is the content I wish to access not available via ORA?
Bibliographic data (the information relating to research outputs) and full-text items (e.g. articles, theses, reports, etc.) arrive in ORA from several different sources. Unfortunately we are not able to make available the full-text for every research output.
Please contact the ORA team (
) if you have queries regarding unavailable content OR if you are aware of a full-text copy we can make available.
) if you have queries regarding unavailable content OR if you are aware of a full-text copy we can make available.
Content may be unavailable for the following four reasons
-
Version unsuitable
-
We have not obtained a suitable full-text for a given research output. See this page for more information.
-
Recently completed
-
Sometimes content is held in ORA but is unavailable for a fixed period of time to comply with the policies and wishes of rights holders.
-
Permissions
-
All content made available in ORA should comply with relevant rights, such as copyright. See this page for more information.
-
Clearance
-
Some thesis volumes scanned as part of the digitisation scheme funded by Dr Leonard Polonsky are currently unavailable due to sensitive material or uncleared third-party copyright content. We are attempting to contact authors whose theses are affected.
Alternative access to the full-text
You may be able to access the full-text directly from the publisher's website using the 'Publisher Copy' link in the 'Links & Downloads' box from a research output's ORA record page. This method may require an institutional or individual subscription to the journal/resource.
Authors
Bibliographic Details
- Publisher:
- Blackwell Publishing Publisher's website
- Journal:
- Oxford Bulletin of Economics and Statistics Journal website
- Volume:
- 67
- Issue:
- s1
- Pages:
- 931-956
- Publication date:
- 2005-12-05
- DOI:
- ISSN:
-
0305-9049
- URN:
-
uuid:0572032b-3894-4881-92ee-516164bdb98f
- Local pid:
- ora:1943
Terms of use
- Copyright holder:
- Blackwell Publishing
- Copyright date:
- 2005
- Notes:
- The full-text of this article is not available in ORA at this time. Citation: Clements, M. P. & Hendry, D. F. (2005). 'Evaluating a model by forecast performance', Oxford Bulletin of Economics and Statistics, 67(s1), 931-956. [The definitive version is available at www.blackwell-synergy.com].
If you are the owner of this record, you can report an update to it here: Report update to this record