On the Relationship of Optimal Memory to Steady States, Cycles, Chaos.

Part of conventional wisdom glaned from econometric theory and the "learning" literature is that agents ahould use all the data they have for prediction. In this paper it is shown that agents can improve their prediction by throwing away data.

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Year of publication:	1998
Authors:	Mitra, K.
Institutions:	Politiikan ja Talouden Tutkimuksen Laitos, Valtiotieteellinen tiedekunta
Subject:	LINEAR MODELS \| ECONOMETRICS

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Series:	University of Helsinki, Department of Economics.
Type of publication:	Book / Working Paper
Notes:	46 pages
Classification:	C13 - Estimation ; C22 - Time-Series Models ; C53 - Forecasting and Other Model Applications ; D83 - Search, Learning, Information and Knowledge ; E32 - Business Fluctuations; Cycles ; E37 - Forecasting and Simulation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005775854