Forecasting in Economics and Finance
University of California, San Diego (UCSD) - Department of Economics
Allan G. Timmermann
University of California, San Diego (UCSD) - Department of Economics; Centre for Economic Policy Research (CEPR)
Annual Review of Economics, Vol. 8, pp. 81-110, 2016
Practices used to address economic forecasting problems have undergone substantial changes over recent years. We review how such changes have influenced the ways in which a range of forecasting questions are being addressed. We also discuss the promises and challenges arising from access to big data. Finally, we review empirical evidence and experience accumulated from the use of forecasting methods to a range of economic and financial variables.
Date posted: November 18, 2016