✦ LIBER ✦

Forecasting with an econometric model: The issue of judgemental adjustment

✍ Scribed by Richard M. Young

Publisher: John Wiley and Sons
Year: 1982
Tongue: English
Weight: 941 KB
Volume: 1
Category: Article
ISSN: 0277-6693
DOI: 10.1002/for.3980010205

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✦ Synopsis

Abstract

The paper outlines the current state of forecasting with an econometric model. After briefly distinguishing econometric techniques from other statistical approaches and arguing the advantages of this approach the paper concentrates on the issue of judgemental adjustments to models for forecasting purposes. Two types of adjustment are distinguished and the conditions under which each is justified are stated. Guidance in the use of adjustment is offered through a review of considerations in an actual forecasting situation.

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