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Forecasting

Forecasting

: An essential introduction

by Jennifer L Castle, Michael P Clements, David F Hendry
23rd April, 2019

£17.85 £18.99 Save 6% | Paperback


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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.

Details & Specs

Author: Jennifer Castle Michael P Clements David F Hendry


Publisher: Yale University Press


Format: Paperback


ISBN: 9780300244663


Publication Date: 23rd April, 2019


Pages: 213


Dimensions: 216 x 140 x 18 mm


Notes: illustrations (black and white), maps (black and white)


Availability: Available, usually dispatched within 3 days


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