Posted: 18 Nov 2016
Date Written: October 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.
Suggested Citation: Suggested Citation
Elliott, Graham and Timmermann, Allan G., Forecasting in Economics and Finance (October 2016). Annual Review of Economics, Vol. 8, pp. 81-110, 2016. Available at SSRN: https://ssrn.com/abstract=2870852 or http://dx.doi.org/10.1146/annurev-economics-080315-015346