Advances in Economic Forecasting 1st Edition by Matthew Higgins 0880993936 9780880993937

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Product details:

ISBN 10: 0880993936 

ISBN 13: 9780880993937

Author: Matthew L. Higgins

Higgins presents six chapters that focus on how the reliability of economic forecasts can be improved. Three of the chapters focus on forecasting in real time while predicting turning points for macro aggregate measures such as GNP, inflation, growth, and unemployment. Authors of two chapters argue that data can be more efficiently exploited through model and forecast combination. they, along with authors of another chapter, also advocate for using models that are adaptive and perform well in the presence of nonlinearity and structural change.

Table of contents:

1. Advances in Economic Forecasting – Matthew L. Higgins

2. Real-Time Forecasting – Dean Croushore

3. Limits to Economic Forecasting – Kajal Lahiri

4. Forecasting Regional and Industry-Level Variables: Challenges and Strategies – David E. Rapach

5. Forecasting Asset Prices Using Nonlinear Models – Michael D. Bradley and Dennis W. Jansen

6. Perspectives on Evaluating Macroeconomic Forecasts – H. O. Stekler

7. Combining Forecasts with Many Predictors – Tae-Hwy Lee

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Tags: Matthew Higgins, Advances, Economic, Forecasting