Multi-step forecasting in unstable economies: robustness issues in the presence of location shifts
To forecast at several, say h, periods into the future, a modeller faces two techniques: iterating one-step ahead forecasts (the IMS technique) or directly modelling the relation between observations separated by an h-period interval and using it for forecasting (DMS forecasting). It is known that u...
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| Format: | Working paper |
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University of Oxford
2006
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