Macroeconomic Forecasting in the Era of Big Data: Theory and Practice
- ISBN-10
- 3030311503
- ISBN-13
- 9783030311506
- Category
- Business & Economics
- Pages
- 719
- Language
- English
- Published
- 2019-11-28
- Publisher
- Springer Nature
- Author
- Peter Fuleky
Description
This book surveys big data tools used in macroeconomic forecasting and addresses related econometric issues, including how to capture dynamic relationships among variables; how to select parsimonious models; how to deal with model uncertainty, instability, non-stationarity, and mixed frequency data; and how to evaluate forecasts, among others. Each chapter is self-contained with references, and provides solid background information, while also reviewing the latest advances in the field. Accordingly, the book offers a valuable resource for researchers, professional forecasters, and students of quantitative economics.
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