An Historical Perspective on Forecast Errors.

Using annual observations on industrial production over the last three centuries, and on GDP over a 100-year period, we seek an historical perspective on the forecastability of these UK output measures. The series are dominated by strong upward trends, so we consider various specifications of this,...

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Bibliographic Details
Main Authors: Clements, M, Hendry, D
Format: Journal article
Language:English
Published: 2001