Pooling of forecasts

We consider forecasting using a combination, when no model coincides with a non-constant data generation process (DGP). Practical experience suggests that combining forecasts adds value, and can even dominate the best individual device. We show why this can occur when forecasting models are differen...

Ausführliche Beschreibung

Bibliographische Detailangaben
Hauptverfasser: Clements, M, Hendry, D
Weitere Verfasser: Royal Economic Society
Format: Journal article
Sprache:English
Veröffentlicht: Blackwell Publishing 2004
Schlagworte: