Forecasting in Economics and Finance

Allan Timmermann and Graham Elliott ()

No 11354, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Practices used to address economic forecasting problems have undergone substantial changes over recent years. We review how such changes have influenced the ways in which a range of forecasting questions are being addressed. We also discuss the promises and challenges arising from access to big data. Finally, we review empirical evidence and experience accumulated from the use of forecasting methods to a range of economic and financial variables.

Keywords: Forecast models; Big data; Parameter estimation; Model instability; Forecast evaluation (search for similar items in EconPapers)
Date: 2016-06
New Economics Papers: this item is included in nep-for
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Journal Article: Forecasting in Economics and Finance (2016)
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