An Open-model Forecast-error Taxonomy.

We develop forecast-error taxonomies when there are unmodeled variables, forecast ‘off-line’. We establish three surprising results. Even when an open system is correctly specified in-sample with zero intercepts, despite known future values of strongly exogenous variables, changes in dynamics can...

সম্পূর্ণ বিবরণ

গ্রন্থ-পঞ্জীর বিবরন
প্রধান লেখক: Hendry, D, Mizon, G
বিন্যাস: Working paper
ভাষা:English
প্রকাশিত: Department of Economics (University of Oxford) 2011