Forecasting Economic Time Series

@inproceedings{Clements1977ForecastingET,
  title={Forecasting Economic Time Series},
  author={Michael P. Clements and D. Hendry},
  year={1977}
}
This book provides a formal analysis of the models, procedures, and measures of economic forecasting with a view to improving forecasting practice. David Hendry and Michael Clements base the analyses on assumptions pertinent to the economies to be forecast, viz. a non-constant, evolving economic system, and econometric models whose form and structure are unknown a priori. The authors find that conclusions which can be established formally for constant-parameter stationary processes and… Expand
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Editors' Introduction
TLDR
This volume represents contributions to this important topic by leading researchers in the field of forecasting and includes the latest research on forecasting macroeconomic and financial variables in the presence of structural breaks and/or model uncertainty. Expand
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