The economic shocks brought about by the Great Recession triggered drastic reactions by policy makers and private agents alike. Such dramatic economic consequences have lead economics agents to acknowledge the need for new tools to monitor economic developments in real time, and learn early detection methods to foresee downturns and recoveries Short-term Forecasting for Empirical Economists seeks to close the gap between research and applied short-term forecasting. The authors review some of the key theoretical results and empirical findings in the recent literature on short-term forecasting, and translate these findings into economically meaningful techniques to facilitate their widespread application to compute short-term forecasts in economics, and to monitor the ongoing business cycle developments in real time. Short-term Forecasting for Empirical Economists is divided into five sections. Section 1 outlines what forecasting frameworks are surveyed and why. Section 2 introduces the notation and main characteristics of the data for short term forecasting. Section 3 reviews the main models used for this purpose and addresses the role of the number of series in factor models.
Section 4 illustrates the forecasting performance of the different models reviewed in Section 3 through an empirical application. Finally, section 5 reviews the main results and proposes some lines for further research.
- ISBN:
- 9781601987426
- 9781601987426
-
Category:
- Econometrics
- Format:
- Paperback
- Publication Date:
-
01-11-2013
- Publisher:
- now publishers Inc
- Country of origin:
- United States
- Pages:
- 74
- Dimensions (mm):
- 234x156x3mm
- Weight:
- 0.12kg
This title is in stock with our Australian supplier and arrives at our Sydney warehouse within 10-15 working days of you placing an order.
Once received into our warehouse we will despatch it to you with a Shipping Notification which includes online tracking.
Please check the estimated delivery times below for your region, for after your order is despatched from our warehouse:
ACT Metro 2 working days
NSW Metro 2 working days
NSW Rural 2 - 3 working days
NSW Remote 2 - 5 working days
NT Metro 3 - 6 working days
NT Remote 4 - 10 working days
QLD Metro 2 - 4 working days
QLD Rural 2 - 5 working days
QLD Remote 2 - 7 working days
SA Metro 2 - 5 working days
SA Rural 3 - 6 working days
SA Remote 3 - 7 working days
TAS Metro 3 - 6 working days
TAS Rural 3 - 6 working days
VIC Metro 2 - 3 working days
VIC Rural 2 - 4 working days
VIC Remote 2 - 5 working days
WA Metro 3 - 6 working days
WA Rural 4 - 8 working days
WA Remote 4 - 12 working days