Kunst, Robert M.ORCID: https://orcid.org/0000-0001-6831-2471 and Jumah, Adusei (November 2004) Toward a Theory of Evaluating Predictive Accuracy. Former Series > Working Paper Series > IHS Economics Series 162
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Abstract
Abstract: We suggest a theoretical basis for the comparative evaluation of forecasts. Instead of the general assumption that the data is generated from a stochastic model, we classify three stages of prediction experiments: pure non-stochastic prediction of given data, stochastic prediction of given data, and double stochastic simulation. The concept is demonstrated using an empirical example of UK investment data.;
Item Type: | IHS Series |
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Keywords: | 'Forecasting' 'Time series' 'Investment' |
Classification Codes (e.g. JEL): | C22, C53, E27 |
Date Deposited: | 26 Sep 2014 10:38 |
Last Modified: | 19 Sep 2024 13:15 |
ISBN: | 1605-7996 |
URI: | https://irihs.ihs.ac.at/id/eprint/1601 |