An Overview of Forecasting Facing Breaks
Jennifer Castle (),
David Hendry () and
No 779, Economics Series Working Papers from University of Oxford, Department of Economics
Abstract: Economic forecasting may go badly awry when there are structural breaks, such that the relationships between variables that held in the past are a poor basis for making predictions about the future. We review a body of research that seeks to provide viable strategies for economic forecasting when past relationships can no longer be relied upon.
Keywords: Business Cycles; Forecasting; Breaks (search for similar items in EconPapers)
JEL-codes: C51 C22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ecm and nep-for
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Journal Article: An Overview of Forecasting Facing Breaks (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:oxf:wpaper:779
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