Forecasting in Economics and Finance
Graham Elliott () and
Allan G Timmermann
No 11354, CEPR Discussion Papers from C.E.P.R. Discussion Papers
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: Big Data; Forecast evaluation; Forecast models; Model Instability; Parameter Estimation (search for similar items in EconPapers)
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Journal Article: Forecasting in Economics and Finance (2016)
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