Journal article icon

Journal article

The Econometrics of Macroeconomic Forecasting.

Abstract:

When an econometric model coincides with the mechanism generating the data in an unchanging world, the theory of economic forecasting is reasonably well developed. However, less is known about forecasting when model and mechanism differ in a non-stationary and changing world. The paper addresses the basic concepts; the invariance of forecast accuracy measures to isomorphic model representations; the roles of causal information, parsimony and collinearity; a reformulated taxonomy of forecast e...

Expand abstract

Actions


Access Document


Files:

Authors


David F Hendry More by this author
Journal:
Economic Journal
Volume:
107
Issue:
444
Publication date:
1997-09-05
URN:
uuid:1c79f851-2b77-40ac-8b2c-0740b8e6c3cb
Local pid:
oai:economics.ouls.ox.ac.uk:9693
Language:
English

Terms of use


Metrics



If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP