Söderlind, Paul (contributor) - 2007
Financial Economics Letters
Abstract
The forecasting performance of the Livingston survey and traditional prediction
models of …-of-sample performance and too sensitive to
recent and irrelevant information.
Keywords: Livingston survey, out-of-sample forecasts …, overfitting, recency bias
JEL Classification Numbers: G12
1 Introduction
This paper studies two aspects of the Livingston survey …