Review of: Predicting Presidential Elections and Other Things
Posted: 7 Feb 2005
Ray Fair is one of my favorite econometricians. He has an excellent website, where he freely shares his models. He writes clearly and his methods are reported in detail. He is concerned with the proper use of econometric methods. For example, he has long been opposed to the common practice of making ex post subjective adjustments to forecasts from econometric models. A review of empirical evidence supports his position (Armstrong and Collopy 1998).
Keywords: Ray Fair, forecasting, econometric models
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