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Forecasting: An Essential Introduction

by David Hendry and Jennifer Castle and Michael Clements
Forecasting: An Essential Introduction

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ISBN13: 9780300244663
ISBN10: 0300244665



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Synopses & Reviews

Synopsis

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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Product Details

ISBN:
9780300244663
Binding:
Trade Paperback
Publication date:
06/11/2019
Publisher:
Yale University Press
Language:
English
Pages:
240
Height:
.70IN
Width:
5.30IN
LCCN:
2019934600
Illustration:
Yes
Author:
David Hendry
Author:
Jennifer Castle
Author:
Michael Clements

Ships free on qualified orders.
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0.00
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