On the usefulness of macroeconomic forec
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Richard Ashley
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Article
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1983
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John Wiley and Sons
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English
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A forecasting model for y , based on its relationship to exogenous variables (e.g. x,) must use i,, the forecast of x,. An example is given where commercially available I,'s are sufficiently inaccurate that a univariate model for y , appears preferable. For a variety of types of models inclusion of