On Selecting Policy Analysis Models by Forecast Accuracy.
The value of selecting the best forecasting model as the basis for empirical economic policy analysis is questioned. When no model coincides with the data generation process, non-causal statistical devices may provide the best available forecasts: examples from recent work include intercept correcti...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
School of Social Sciences (University of Southampton)
1999
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