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...
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| פורמט: | Working paper |
| שפה: | English |
| יצא לאור: |
Department of Economics (University of Oxford)
2006
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