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portada Forecasting: An Essential Introduction
Type
Physical Book
Publisher
Author
Year
2019
Language
English
Pages
213
Format
Paperback
ISBN13
9780300244663
Categories

Forecasting: An Essential Introduction

David Hendry; Jennifer Castle; Michael Clements (Author) · Yale University Press · Paperback

Forecasting: An Essential Introduction - David Hendry; Jennifer Castle; Michael Clements

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Synopsis "Forecasting: An Essential Introduction "

Concise, engaging, and highly intuitive—this accessible guide equips you with an understanding of all the basic principles of forecasting Making accurate predictions about the economy has always been difficult, as F. A. Hayek noted when accepting his Nobel Prize in economics, but today forecasters have to contend with increasing complexity and unpredictable feedback loops. In this accessible and engaging guide, David Hendry, Michael Clements, and Jennifer Castle provide a concise and highly intuitive overview of the process and problems of forecasting. They explain forecasting concepts including how to evaluate forecasts, how to respond to forecast failures, and the challenges of forecasting accurately in a rapidly changing world.   Topics covered include: What is a forecast? How are forecasts judged? And how can forecast failure be avoided? Concepts are illustrated using real-world examples including  financial crises, the uncertainty of Brexit, and the Federal Reserve’s record on forecasting. This is an ideal introduction for university students studying forecasting, practitioners new to the field and for general readers interested in how economists forecast.

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