Evaluating Econometric Forecasts of Economic and Financial Variables

by Michael P. Clements

Book Overview

Financial econometrics is one of the greatest on-going success stories of recent decades, as it has become one of the most active areas of research in econometrics. In this book, Michael Clements presents a clear and logical explanation of the key concepts and ideas of forecasts of economic and financial variables. He shows that forecasts of the single most likely outcome of an economic and financial variable are of limited value. Forecasts that provide...

• Format: Hardcover
• Language: English
• ISBN: 1403941564
• ISBN13: 9781403941565
• Release Date: January 2005
• Publisher: Palgrave MacMillan
• Length: 173 Pages
• Weight: 0.81 lbs.
• Dimensions: 0.5" x 5.5" x 8.5"