Forecasting methods: a comparative analysis

Javed Iqbal

MPRA Paper from University Library of Munich, Germany

Abstract: Forecasting is an important tool for management, planning and administration in various fields. In this paper forecasting performance of different methods is considered using time series data of Pakistan's export to United Sates and money supply. It is found that, like other studies of this nature, no single forecasting method provides better forecast for both the series. The techniques considered are ARIMA, Regression Analysis, Vector Autoregression (VAR), Error Correction Model (ECM) and ARCH/GARCH models.

Keywords: Forecasting Methods; Single Equation; Multiple Equations (search for similar items in EconPapers)
JEL-codes: C22 C53 (search for similar items in EconPapers)
Date: 2001, Revised 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:23856

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