Forecasting: An Essential Introduction

Forecasting: An Essential Introduction

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DESCRIPTION :
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.

PRODUCT DETAILS :
ISBN : 9780300244663
BY (AUTHOR) Castle, Jennifer, BY (AUTHOR) Clements, Michael, BY (AUTHOR) Hendry, David
PUBLISHER : Yale University Press PUBLICATION DATE : April 09, 2019
COUNTRY OF PUBLICATION : United States IMPRINT : Yale University Press
LANGUAGE : English AGE : Tertiary Education
PRODUCT FORM : Paperback / softback
DIMENSION : 216 mm x 140 mm

PRODUCT CATEGORY :
Economics, Finance, Business & Management
DESCRIPTION :
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.

PRODUCT DETAILS :
ISBN : 9780300244663
BY (AUTHOR) Castle, Jennifer, BY (AUTHOR) Clements, Michael, BY (AUTHOR) Hendry, David
PUBLISHER : Yale University Press PUBLICATION DATE : April 09, 2019
COUNTRY OF PUBLICATION : United States IMPRINT : Yale University Press
LANGUAGE : English AGE : Tertiary Education
PRODUCT FORM : Paperback / softback
DIMENSION : 216 mm x 140 mm

PRODUCT CATEGORY :
Economics, Finance, Business & Management