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Unbiasedness, efficiency and the combination of economic forecasts

✍ Scribed by K. Holden; D. A. Peel

Publisher: John Wiley and Sons
Year: 1989
Tongue: English
Weight: 811 KB
Volume: 8
Category: Article
ISSN: 0277-6693
DOI: 10.1002/for.3980080304

No coin nor oath required. For personal study only.

✦ Synopsis

This paper considers the problem of determining whether forecasts are unbiased and examines the implications this has for combining different forecasts. The practical issues of how economic forecasts might be combined are discussed. There is an empirical illustration of the procedures in which the properties of UK forecasts from the London Business School, the National Institute, the Henley Centre for Forecasting, Phillips and Drew and the OECD are examined.

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