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Economic Forecasting by Ken Holden
Book DescriptionThis book provides an introduction to the methods employed in forecasting the future state of the economy. It provides a comprehensive coverage of methods and applications in this fast-growing area and is intended for use in postgraduate and upper-level undergraduate courses. Part I outlines the available techniques, particularly those used in business forecasting and econometric forecasting. The state of the art in time series modelling is reviewed and includes a discussion of Box-Jenkins models, the vector autogressive approach and cointegration. Ways of combining forecasts are also examined in detail. Part II considers the most important applications of forecasting. Applications in microeconomics include demand and sales forecasting, the use of anticipations data, leading indicators and scenario analysis. In macroeconomics the emphasis is on why errors occur in forecasting asset market prices, including implications of the efficient markets hypothesis for foreign markets, stock market prices and commodity market prices. The book ends with a discussion of the appropriateness of various techniques, recent developments in forecasting, and the links between economic forecasting and government policy.
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Book DetailsISBN: 9780521356923
(228mm x 152mm x 13mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 4-Apr-1991
Country of Publication: United Kingdom
Books By Author Ken Holden
Introductory Mathematics for Economics and Business, Hardback (October 1992)» View all books by Ken Holden
A revised edition of the student text, "Mathematics for Economists", this book has been updated and covers the essential mathematics required by students of economics and business. The emphasis is on applying mathematics rather than providing theorems. Revision exercises are included.
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