Forecast uncertainty in economic modeling

This paper provides an introduction to forecast uncertainty in empirical economic modeling. Forecast uncertainty is defined, various measures of forecast uncertainty are examined, and some sources and consequences of forecast uncertainty are analyzed. Empirical illustrations with the U.S. trade balance, U.K. inflation and real national income, and the U.S./U.K. exchange rate help clarify the issues involved.

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Year of publication:	2001
Authors:	Ericsson, Neil R.
Institutions:	Federal Reserve Board (Board of Governors of the Federal Reserve System)
Subject:	Econometric models \| Forecasting \| Econometrics

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Extent:	text/html application/pdf
Series:	International Finance Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 697
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005712694