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To combine or not to combine: selecting among forecasts and their combinations

✍ Scribed by Michèle Hibon; Theodoros Evgeniou


Book ID
113647760
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
187 KB
Volume
21
Category
Article
ISSN
0169-2070

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To combine or not to combine? issues of
✍ Franz C. Palm; Arnold Zellner 📂 Article 📅 1992 🏛 John Wiley and Sons 🌐 English ⚖ 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