Forecasting Annual UK Inflation using an Econometric Model over 1875–1991.

In recent work, we have developed a theory of economic forecasting for empirical econometric models when there are structural breaks. This research shows that wellspecified models may forecast poorly, whereas it is possible to design forecasting devices more immune to the effects of breaks. In this...

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Bibliographic Details
Main Authors: Clements, M, Hendry, D
Other Authors: Rapach, D
Format: Book section
Published: Emerald Group Publishing Limited 2008