Policy analysis, forediction, and forecast failure

Economic policy agencies accompany forecasts with narratives, a combination we call foredictions, often basing policy changes on developments envisaged. Forecast failure need not impugn a forecasting model, although it may, but almost inevitably entails forediction failure and invalidity of the asso...

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Hlavní autoři: Castle, J, Hendry, D, Martinez, A
Médium: Working paper
Vydáno: University of Oxford 2016