Summary Statistics and Forecasting Performance

Donald Larson ()

Journal of Agricultural Economics Research, 1983, vol. 35, issue 3, 12

Abstract: The simultaneous equation econometric model has recently come under increasing, attack as a policy analysis and forecasting tool However, traditional methods of choosing among competing models rely heavily on the use of summary Statistics It IS shown, by example, that choosing a model With relatively better summary statistics does not guarantee getting the best unconditional out-of-sample forecasts Other methods of forecasting time series that allow relative evaluation of the out-of-sample forecasting ability of econometric Simultaneous equation models are also examined

Keywords: Productivity Analysis; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:148991

DOI: 10.22004/ag.econ.148991

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