Forecasting Non-stationary Economic Time Series
- ISBN-10
- 0262032724
- ISBN-13
- 9780262032728
- Category
- Business & Economics
- Pages
- 362
- Language
- English
- Published
- 1999
- Publisher
- MIT Press (MA)
- Authors
- David F. Hendry, Michael P. Clements
Description
This text on economic forecasting asks why some practices seem to work empirically despite a lack of formal support from theory. After reviewing the conventional approach to forecasting, it looks at the implications for causal modelling, presents forecast errors and delineates sources of failure.
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