The Role of Prediction in Evaluating Econometric Models [and Discussion]
Many statistical and economic criteria must influence the overall evaluation of econometric systems, but success when 'predictive testing' seems to establish most credibility, perhaps because the data were unavailable to the modellers. Yet the ability of prediction tests to detect even gro...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Royal Society
1986
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