Short-term Forecasting for Empirical Economists: A Survey of the Recently Proposed AlgorithmsA Survey of the Recently Proposed Algorithms by Gabriel Perez-Quiros, Pilar Poncela, Maximo Camacho (Paperback, 2013)
The economic shocks brought about by the Great Recession triggered drastic reactions by policy makers and private agents alike. Such dramatic economic consequences have lead economics agents to acknowledge the need for new tools to monitor economic developments in real time, and learn early detection methods to foresee downturns and recoveries Short-term Forecasting for Empirical Economists seeks to close the gap between research and applied short-term forecasting. The authors review some of the key theoretical results and empirical findings in the recent literature on short-term forecasting, and translate these findings into economically meaningful techniques to facilitate their widespread application to compute short-term forecasts in economics, and to monitor the ongoing business cycle developments in real time. Short-term Forecasting for Empirical Economists is divided into five sections. Section 1 outlines what forecasting frameworks are surveyed and why. Section 2 introduces the notation and main characteristics of the data for short term forecasting. Section 3 reviews the main models used for this purpose and addresses the role of the number of series in factor models. Section 4 illustrates the forecasting performance of the different models reviewed in Section 3 through an empirical application. Finally, section 5 reviews the main results and proposes some lines for further research.
Product Identifiers
Publisher
Now Publishers Inc
ISBN-13
9781601987426
eBay Product ID (ePID)
189886551
Product Key Features
Author
Gabriel Perez-Quiros, Pilar Poncela, MaxiMo Camacho
Publication Name
Short-term Forecasting for Empirical Economists: A Survey of the Recently Proposed AlgorithmsA Survey of the Recently Proposed Algorithms
Format
Paperback
Language
English
Subject
Economics
Publication Year
2013
Type
Textbook
Number of Pages
74 Pages
Dimensions
Item Height
234mm
Item Width
156mm
Item Weight
118g
Additional Product Features
Title_Author
MaxiMo Camacho, Pilar Poncela, Gabriel Perez-Quiros
Series Title
Foundations and Trends in Econometrics
Country/Region of Manufacture
United States
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