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An overview of forecasting facing breaks

Abstract:
Economic forecasting may go badly awry when there are structural breaks, such that the relationships between variables that held in the past are a poor basis for making predictions about the future. We review a body of research that seeks to provide viable strategies for economic forecasting when past relationships can no longer be relied upon.
Publication status:
Published

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Publisher:
University of Oxford
Series:
Department of Economics Discussion Paper Series
Publication date:
2016-02-02
Paper number:
779


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Pubs id:
1143614
Local pid:
pubs:1143614
Deposit date:
2020-12-15
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