Evaluating Econometric Forecasts of Economic and Financial Variables
By (author) Michael Clements
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Evaluating Econometric Forecasts of Economic and Financial Variables by Michael Clements
Book DescriptionFinancial econometrics is one of the greatest on-going success stories of recent decades, as it has become one of the most active areas of research in econometrics. In this book, Michael Clements presents a clear and logical explanation of the key concepts and ideas of forecasts of economic and financial variables. He shows that forecasts of the single most likely outcome of an economic and financial variable are of limited value. Forecasts that provide more information on the expected likely ranges of outcomes are more relevant. This book provides a comprehensive treatment of the evaluation of different types of forecasts and draws out the parallels between the different approaches. It describes the methods of evaluating these more complex forecasts which provide a fuller description of the range of possible future outcomes.
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Book DetailsISBN: 9781403941572
(216mm x 140mm x 10mm)
Imprint: Palgrave Macmillan
Publisher: Palgrave USA
Publish Date: 12-Jan-2005
Country of Publication: United States
Books By Author Michael Clements
Axmouth Village, Paperback (February 2008)
The village of Axmouth has a very special community. No doubt the rich history and heritage that Axmouth has is the reason why its inhabitants are so justifiably proud of the place in which they live. This book features chapters on the village itself, the community, schools, the river and harbor, and high days.
Evaluating Econometric Forecasts of Economic and Financial Variables, Hardback (January 2005)
Financial econometrics is one of the greatest on-going success stories of recent decades as it has become one of the most active areas of research in econometrics. In this book, Michael Clements presents a clear and logical explanation of the key concepts and ideas of forecasts of economic and financial variable.
Forecasting Economic Time Series, Paperback (October 1998)» View all books by Michael Clements
An extended formal analysis of economic forecasting co-authored by one of the world's leading econometricians.
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Author Biography - Michael Clements
MICHAEL P. CLEMENTS is an editor of the International Journal of Forecasting, and has co-authored two books on economic forecasting as well as a number of papers in scientific journals. With David F. Hendry he edited A Companion to Economic Forecasting.
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