Forecasting non-stationary economic time series /

"In their second book on economic forecasting, Michael P. Clements and David F. Hendry ask why some practices seem to work empirically despite a lack of formal support from theory. After reviewing the conventional approach to economic forecasting, they look at the implications for causal modeli...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Clements, Michael P.
Other Authors: Hendry, David F.
Format: Electronic eBook
Language:Inglés
Published: Cambridge, MA : MIT Press, 1999.
Series:Zeuthen lecture book series.
Subjects:
Time-series analysis.
Economic forecasting > Statistical methods.
Série chronologique.
Prévision économique > Méthodes statistiques.
BUSINESS & ECONOMICS > Econometrics.
BUSINESS & ECONOMICS > Statistics.
Tijdreeksen.
Prognoses.
Statistische methoden.
Social Sciences.
Statistics - General.
Online Access:Texto completo
Table of Contents:
  • 1. Economic Forecasting
  • 2. Forecast Failure
  • 3. Deterministic Shifts
  • 4. Other Sources
  • 5. Differencing
  • 6. Intercept Corrections
  • 7. Modeling Consumers' Expenditure
  • 8. A Small UK Money Model
  • 9. Co-breaking
  • 10. Modeling Shifts
  • 11. A Wage-Price Model
  • 12. Postscript.

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