Forecasting in Economics and Finance

Graham Elliott () and Allan Timmermann ()
Additional contact information
Allan Timmermann: Department of Economics, University of California, San Diego, La Jolla, California 92093

Annual Review of Economics, 2016, vol. 8, issue 1, 81-110

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: risk; forecast models; big data; parameter estimation; model misspecification; model instability; forecast evaluation (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (88)

Downloads: (external link)
http://www.annualreviews.org/doi/10.1146/annurev-economics-080315-015346 (application/pdf)
Full text downloads are only available to subscribers. Visit the abstract page for more information.

Related works:
Working Paper: Forecasting in Economics and Finance (2016)
Working Paper: Forecasting in Economics and Finance (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:anr:reveco:v:8:y:2016:p:81-110

Ordering information: This journal article can be ordered from
http://www.annualreviews.org/action/ecommerce

Access Statistics for this article

More articles in Annual Review of Economics from Annual Reviews Annual Reviews 4139 El Camino Way Palo Alto, CA 94306, USA.
Bibliographic data for series maintained by http://www.annualreviews.org ().