Bayesian consensus forecasts of macroeco
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Carson E. Agnew
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Article
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1985
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John Wiley and Sons
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English
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Economists, like other forecasters, share knowledge, data and theories in common. Consequently, their forecast errors are likely to be highly dependent. This paper reports on an empirical study of 16 macroeconomic forecasters. Composite forecasts are computed using a sequential weighting scheme that