To combine or not to combine? issues of
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Franz C. Palm; Arnold Zellner
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Article
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1992
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John Wiley and Sons
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English
β 962 KB
This paper addresses issues such as: Does it always pay to combine individual forecasts of a variable? Should one combine an unbiased forecast with one that is heavily biased? Should one use optimal weights as suggested by Bates and Granger over twenty years ago? A simple model which accounts for th