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 onestep 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 un...
| Päätekijä: | |
|---|---|
| Aineistotyyppi: | Working paper |
| Kieli: | English |
| Julkaistu: |
Department of Economics (University of Oxford)
2006
|