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Books > Business & Economics > Economics > Econometrics
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The Oxford Handbook of Economic Forecasting (Hardcover)
Loot Price: R4,111
Discovery Miles 41 110
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The Oxford Handbook of Economic Forecasting (Hardcover)
Series: Oxford Handbooks
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This Handbook provides up-to-date coverage of both new developments
and well-established fields in the sphere of economic forecasting.
The chapters are written by world experts in their respective
fields, and provide authoritative yet accessible accounts of the
key concepts, subject matter and techniques in a number of diverse
but related areas. It covers the ways in which the availability of
ever more plentiful data and computational power have been used in
forecasting, either in terms of the frequency of observations, the
number of variables, or the use of multiple data vintages. Greater
data availability has been coupled with developments in statistical
theory and economic theory to allow more elaborate and complicated
models to be entertained; the volume provides explanations and
critiques of these developments. These include factor models, DSGE
models, restricted vector autoregressions, and non-linear models,
as well as models for handling data observed at mixed frequencies,
high-frequency data, multiple data vintages, and methods for
forecasting when there are structural breaks, and how breaks might
be forecast. Also covered are areas which are less commonly
associated with economic forecasting, such as climate change,
health economics, long-horizon growth forecasting, and political
elections. Econometric forecasting has important contributions to
make in these areas, as well as their developments informing the
mainstream. In the early 21st century, climate change and the
forecasting of health expenditures and population are topics of
pressing importance.
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