On Testing for Unbiasedness and Efficiency of Forecasts

K Holden and David Peel

The Manchester School of Economic & Social Studies, 1990, vol. 58, issue 2, 120-27

Abstract: This note demonstrates that the conventional test for unbiasedness of forecasts or expectations of estimating Y = "alpha"(subscript "1") + "beta"(subscript "1")F + u where Y is the outcome and F is the forecast, and testing whether "alpha"(subscript "1" = 0 and "beta"(subscript "1") = 1 is a sufficient, but not a necessary, condition for unbiasedness. A necessary and sufficient condition for unbiasedness, based on the conventional test, is presented. Copyright 1990 by Blackwell Publishers Ltd and The Victoria University of Manchester

Date: 1990
References: Add references at CitEc
Citations: View citations in EconPapers (161)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:bla:manch2:v:58:y:1990:i:2:p:120-27

Access Statistics for this article

More articles in The Manchester School of Economic & Social Studies from University of Manchester Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().