Learning from Errors While Forecasting Inflation: A Case for Intercept Correction

Learning from Errors While Forecasting Inflation: A Case for Intercept Correction

Structural changes are quite common in macroeconomic time series. Moreover, any underlying macroeconomic relationship cannot be correctly specified unless we know the true model. Structural changes in time series and misspecification in empirical model are observed as shifts in the constant of th...

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Bibliographic Details
Main Authors: Muhammad Jahanzeb Malik, Muhammad Nadim Hanif
Format: Article
Language:English
Published: Econometric Research Association 2019-04-01
Series:International Econometric Review
Subjects:
forecasting
structural changes
intercept correction
misspecification
inflation models
Online Access:http://www.era.org.tr/makaleler/304468.pdf

Internet

http://www.era.org.tr/makaleler/304468.pdf

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