Abstract
In recent years, forecasts that give a more complete description of the likely future values of economic and financial variables than the expected mean have become increasingly prominent, in academia as well as in government and financial regulation. The focus of this book has been on the evaluation of these forecasts. A number of the issues relevant to the evaluation of point forecasts are equally germane to the evaluation of interval and density forecasts. There are also new problems to be overcome, such as the fact that volatility is unobserved, when forecasts of conditional variance are evaluated.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
